On Friday, the US Dollar edged higher by 40 pips or 0.35% against the Japanese Yen. The currency pair breached the 55– hour simple moving average during Friday’s trading session.
As for the near future, the USD/JPY exchange rate is likely to continue to edge higher. Buyers could target the 200– hour SMA at 110.02 within the following trading session.
Although, the 100– hour moving average at 109.80 could provide resistance for the currency exchange rate in the shorter term.
