USDJPY Movement
For the 24 hours to 23:00 GMT, USD weakened 0.71% against the JPY and closed at 81.93.
In Japan, yesterday, core consumer price index (CPI) in Japan fell 0.2% in January, following a 0.4% decrease posted in December. Meanwhile, the core consumer price index (CPI) in Tokyo declined 0.4% (Y-o-Y) in February, following the 0.2% decline posted in the preceding month.
In the Asian session at 4:00GMT, the pair is trading lower from the New York close, by 0.01%, at 81.92.
The first short term resistance is at 82.21, followed by 82.50. The pair is expected to find support at 81.60 and the subsequent support level at 81.28.
With no major release from Japan today, the pair is expected to trade on trends in the greenback.
The currency pair is trading between its 20Hr and 50Hr moving averages.
