The US dollar is still seen moving steadily but slightly declined from a 2-month high after the US unemployment claims data released yesterday was still high.
Federal Reserve (Fed) policymakers also gave mixed messages about inflation and employment developments.
The temporary depreciation of the US dollar allowed room for the yen to strengthen against the dollar due to still risky market sentiment.
On the price chart for the USD / JPY pair, the price is seen moving horizontally on Thursday after a series of price increases have been displayed since the beginning of the week.
The price increase is stuck in the SBR (support become resistance) zone 105,500 where the level failed to break through the price after being tested several times.
In continued trading in today's Asian session, the price tested the zone again before making a move to exceed the Moving Average 50 (MA50) support level within the 1 hour time frame of the price movement.
Having failed to pass the SBR zone, this is likely to be an early indication of a reversal of the bearish trend on the USD / JPY chart.
The price decline is expected to return to the level of 104,800 for the price to test the RBS zone (resistance become support).
A lower decline could reach back to the 104.00 support zone on Monday's trading.
On the other hand, if the price manages to resume the rise, the SBR 105,500 zone will try to break through before continuing to rise to higher levels.
The resistance zone below the 106,500 level will be the focus of further increases.
