- USD/JPY is retreating down after a volatile week.
- The consolidation might see USD/JPY trade sideways below the 112.00 figure.
USD/JPY daily chart
Dollar/Yen broke above an ascending channel while above its main daily simple moving averages (SMAs). The spot is correcting down after two consecutive days of above-average intraday rallies.
USD/JPY four-hour chart
Resistance: 112.00, 112.57, 112.91
Support: 111.41, 111.17, 110.71
Additional key levels