The dollar recorded a dynamic session against the yen on Friday. Ultimately, the pair remained at the end of last week, but short-term expectations are in favor of the dollar. The start on Monday was at a rate of 113.45 and the closing price was 16 pips higher. The trend was volatile, with the difference between the highest and lowest values for the day being 47 pips. Meanwhile, the first resistance at 113.68 was slammed for a short time while the first trading hours.
The 55 day EMA on the USDJPY has been holding the price nicely and despite the current correction, the pair keeps its bullish trend. Therefore, we could see a visit to the 114.00 level, but a breakdown of the 55 day EMA could take the pair to the lows that it made around the 112.00 zone.
The dollar recorded a slight increase against the yen on Thursday. The pair traded in a relatively wide range, but the closing price was close to 112.86 and 113.04 respectively. In the early hours, bullish moods dominated and so was the peak of the day at 113.32. Subsequently, the Japanese currency recovered the losses.
The US dollar recorded a significant decline against the Japanese yen on Friday. The session started at 113.04 and ended at 112.08. Daytime extreme values were reached at 113.13 and 111.94, respectively. Negative attitudes now prevail, and 110.90 is a major challenge for bears.
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