On Monday, the US Dollar rose by 29 pips or 0.26% against the Japanese Yen. But, the currency pair remained below the 110.40 area during Tuesday’s trading session.
As for the near future, the exchange rate could continue to edge higher in an ascending channel pattern. The potential target for buyers will be near the weekly R1 at 110.84.
However, the currency exchange rate could continue to consolidate below the 110.40 level within this session.
