On Monday morning, the US Dollar appreciated against the Japanese Yen fitting back into the existing trend line. The currency pair passed the weekly PP (110.83) during the Friday’s trading session. USD/JPY is fluctuating in the range between the 110.90 and 111.50, waiting for the conformation.
The 100-hour and 200-hour SMAs have crossed during today’s trading session early in the morning, flashing strong bullish signals for traders. The 55-hour SMA is taking a role of the resistance level at 111.17, giving a pull-back to touch the bottom boundary of the trend line.
