The new trading week starts on the background of lower volatility in the FX market, as today in the USA is a day off; the country celebrates the life and achievements of Martin Luther King Jr., an influential American civil rights leader.
On Tuesday USD / JPY shows moderate growth on the background of somewhat better market sentiment as USD dollar continued to display some gains, but in general this market outlook seems uncertain and we retain careful outlook for this market which means staying flat.
USD / JPY pair is still moving generally with a side orientation on the background of new drivers luck in the market for the formation of a trend movement.
USD/JPY paused its rally when the price reached the 113.30 mark yesterday.
The dollar was trading 0.13 percent higher vs the Japanese yen at 106.88 as of 09:45 GMTon Friday, as the dollar continued to gain against major rivals.