The Japanese Yen has still be depreciating against the US Dollar during the last two days. The main pair passed through the monthly PP( 110.692) at midnight on Thursday. In general, the US Dollar recovered 0.34% from Wednesday night until Thursday morning.
On Thursday morning, the main pair was at 1.1083 showing bullish signals. The US Dollar passed through all SMAs during the night. The 200-hour simple moving average is expected to be the support for the currency pair for the day. It seems that the 55-hour and 100-hour SMAs should cross at today’s trading session giving strong buy signals for traders.
