The US Dollar depreciated 0.45% against the Japanese Yen since Monday’s session. On Tuesday, the US Dollar was traded between the weekly S1 and the weekly S2 at the 113.22 mark.
In regards to the near-term future, most likely, the US dollar will trade downwards to the weekly S2 at the 112.91 mark during the day. The weekly S2 resists the rate at the 113.33 mark, which should give an additional push for the rate to trade downside.
Besides, the simple moving averages will try to catch up the rate during the trading day.
