During Thursday’s trading session, the rate depreciated to 108.40, as it was expected. On Friday morning, the US Dollar appreciated against the Japanese Yen to the 108.93 mark.
Most likely, the US Dollar will depreciate against the Japanese Yen to trade between the weekly S2 at 108.71 and the 38.20% Fibonacci retracement level.
On the other hand, the currency exchange rate could break through the resistance of the weekly S1 at 109.14 during today’s US Dollar during today’s US Employment data sets release at 13:30 GMT.
