During Friday’s trading session, the 100-hour simple moving average supported the rate to end the trading session at 111.40. On Monday morning, the rate was trading between the 55-hour and the 100-hour simple moving averages at the 111.51 mark.
It is expected, that the currency exchange rate will be trading sideways to end the trading session at the 111.60 level.
On the other hand, the support levels of the 200-hour and the 100-hour simple moving averages could push the US Dollar to appreciate against the Japanese Yen towards the 111.80 level.
