The US Dollar rose by 55 pips or 0.50% against the Japanese Yen on Friday. The surge was stopped by the 200– hour simple moving average at 110.20 during Friday’s session.
Given that the USD/JPY exchange rate failed to surpass the 200– hour SMA, bears are likely to pressure the currency pair lower during the following trading session.
However, sellers would encounter the weekly support level at the 109.64 area within Monday’s trading session.
