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USDJPY Movement
For the 24 hours to 23:00 GMT, the USD strengthened 0.23% against the JPY and closed at 79.86.
On an annual basis, Japanese wage earners? total cash earnings was unchanged in September, from a downwardly revised 0.0% recorded in August. Meanwhile, housing starts in Japan increased 15.5% (YoY) in September, following a 5.5% drop in August.
In the Asian session, at GMT0400, the pair is trading at 80.06, with the USD trading 0.24% higher from yesterday?s close.
The pair is expected to find support at 79.71, and a fall through could take it to the next support level of 79.36. The pair is expected to find its first resistance at 80.27, and a rise through could take it to the next resistance level of 80.48.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
This entry was posted in USD/JPY. Bookmark the permalink.Source: http://forexnews.gcitrading.com/currencies/usdjpy/usdjpy-greenback-trading-higher-this-morning-2.htm
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