USD/JPY Analysis: Trades between SMAs
|USD/JPY
During Tuesday's morning hours, the currency exchange rate was trading between the 55-hour and the 100-hour simple moving averages at the 109.40 mark.
Most likely, the US Dollar will depreciate against the Japanese Yen to 109.00, passing the support levels of the weekly pivot point at 109.22 and the 100-hour simple moving average.
On the other hand, the US Dollar could take the support of the weekly pivot point and the 100-hour simple moving average to appreciate against the Japanese Yen to the 50.00% Fibo at 109.60.
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