The US Dollar appreciated 0.70% against the Japanese Yen since Thursday’s session. On Friday, the US Dollar was located between the monthly R2 and the weekly R2 at the 113.44 mark.
In regards to the near future, the rate will surge to the weekly R2 at the 113.59 mark but might bounce off the level to keep trading in the 113.50 are during the day. During the Friday trading session, the simple moving averages will try to catch up the rate to give additional support to break the resistance of the weekly R2.
On the other side, the rate might ignore the weekly R2 resistance to break through the 113.59 level to trade in the 113.70 area.
