USD/JPY: Yen trading steady ahead of BoJ interest rate decision

USD JPY

USDJPY Movement

For the 24 hours to 23:00 GMT, USD weakened 0.16% against the JPY and closed at 76.66.

In the Asian session, at GMT0300, the pair is trading at 76.65, with the USD trading flat from the New York close.

The pair is expected to find support at 76.53, and a fall through could take it to the next support level of 76.42. The pair is expected to find its first resistance at 76.80, and a rise through could take it to the next resistance level of 76.96.

Bank of Japan (BoJ) interest rate decision is likely to receive increased market attention, along with other economic data in Japan due to be released later today.

The currency pair is trading just below its 20 Hr and 50 Hr moving averages.

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