Thu, 01 Apr 2021 09:44:09 GMT
USD/JPY consolidates below 111.00
Since Wednesday's morning trading hours, the USD/JPY has traded sideways below the 110.80 level. The rate faces a resistance zone from 110.80 to 111.00. In the meantime, the support of the 55-hour simple moving average had caught up with the rate.
In the case of the 55-hour simple moving average providing support and causing a surge, the rate could pierce