The US Dollar depreciated 0.09% against the Japanese Yen since Monday’s session. On Tuesday, the US Dollar was resisted by the 55-hour simple moving average to allocate the rate at the 113.74 mark.
In regards to the near future, most likely, the rate move downside towards the weekly PP at the 113.28 mark. The 200– hour simple moving average should catch up the rate to give support to push US Dollar upwards during the trading session.
On the other hand, the rate might change its direction, and the 55-hour simple moving average could play a role of support for the currency pair to push it towards the weekly R1 at the 114.13 mark.
