The US dollar was down against the Japanese yen on Friday. By the close of US trading, USD/JPY was trading at 112.19, losing 0.30%. I believe that support is now at 110.83, Monday's low, and resistance is likely at 112.88, the maximum of Friday's trading.
The price continues to test support. And I think the price movement will be more definite after 3 hours. And if the price breaks the support, it will move down to the point of 111,990. However, I think this is unlikely. And price I think will go up to the point of 113,146.
The dollar marked a second consecutive neutral session against the yen on Tuesday. The US currency remained at the higher levels since Wednesday without registering any major price changes. If the bullish expectations are justified, the pair will test the resistance at 113.90 soon. The session started at a price of 113.17 and the final line was cut 5 pips higher. The bottom of the day was scored at 113.11.
USD/JPY is flat and the short term outlook remains neutral to bearish. Indicators on the H4 chart has lost directional strength, although the price is moving above its 100-day and 200-day SMAs, but both meanwhile are limiting the risk of a bearish development.
The US dollar recorded a volatile session against the Japanese yen on Thursday. The currency pair opened at 112.50 and the dollar added only 23 pips. Daytime extreme values ??were reached at 112.46 and 112.85, respectively. In the short term, a break in the 100-year moving average will contribute to a positive mood, with 112.90 being an immediate goal.