The US Dollar was confidently moving lower against the Yen on Thursday prior to being boosted by Trump’s comments later in the session. As a result, the Greenback strengthened 88 pips and managed to push even higher for several hours after the event. This bullish sentiment was reversed during the Asian session when downside risks took the upper hand once again. The pair might slide lower within the following hours towards the lower boundary of a five-week descending channel circa 108.50 . However, the US is to release it Advance GDP and Core Durable Goods Orders at 1330GMT that are likely to cause volatility in the market. The southern side is supported solely by the weekly S3 at 108.90, while strong resistance is located near the 110.20 mark.
