FXstreet.com (Barcelona) - The pair has dipped again towards the daily low, reached at 79.36, and the greenback is now losing 0.42% against the yen. The pair is set to close on the red for a third consecutive day. The move comes ahead of the speech by Federal Reserve Bank of Atlanta President Dennis P. Lockhart. Machine tool orders and the consumer confidence index in Japan reached -2.9% and 40.7, respectively. On the other hand, the domestic corporate goods price index and tertiary industry index will be announced at 23:50 GMT. The former is expected to decrease by 0.4% (MoM and YoY) while the latter should increase by 0.4% (YoY).
The pair is currently trading at 79.26, facing resistance at 79.80 and 80.12, according to Fxstreet.com pivot points on technical tools. On the downside, there is support at 79.13 and 78.79.
