The US Dollar depreciated 0.36% against the Japanese Yen since Thursday’s session. On Friday morning, the US Dollar was resisted by the 100-hour SMA at the 113.91 mark.
In regards to the near future, the rate will trade sideways due to the resistance of the weekly R1 at the 114.13 mark and the SMAs. Also, the rate is supported by the 200-hour SMA at the bottom boundary of the large ascending pattern. Most likely, the rate will trade at the 113.60 level during the day.
On the other side, the rate might break the resistance of the SMAs and use the SMAs as support to break the weekly R1 at the 114.13 mark.
