During the Asian trading session on Friday, the USD/JPY currency pair is trading with a slight increase in quotations, remaining within the current support level at 108.94 and the resistance level around the 109.90 mark.
Moving averages with a period of 21 and 55 days turn up with a slight slowdown and reduce the discrepancy, which demonstrates the bullish trends that have appeared in this market in the short term. The four-hour chart remains above the exponential moving averages, which also tells us about the upward potential of this market today.
The technical picture shows the continuation of the momentum of buyers ' positions, as the MACD histogram still remains in the area above its central line, and the strength indicator of the current RSI movement has returned above the 60 line, confirming the bullish trend in this market in the short term.