The USD/JPY currency pair continued to test the support formed by the weekly S1 and the monthly PP in the 105.30 area.
Given that the exchange rate is pressured by the 55-hour SMA near 105.40, it is likely that some downside potential could prevail in the market. In this case the rate could target the Fibo 23.60% at 105.03.
Meanwhile, if the predetermined support holds, the US Dollar could trade sideways against the Japanese Yen within the following trading session
