The US dollar is easing against the yen on Friday.

The exchange rate dipped below the 105 twice (yesterday at the end of the session and today in late Asian turnover). Both falls were hindered at the weekly S2 (104.61).

The lower boundary of the hourly Bollinger bands is located at 104.50 and at 0815 GMT the exchange rate trades near the 105.10 level. The 20-hour SMA is located at 105.15 and the weekly S1 is positioned at 105.31.

The upper boundary of the hourly Bollinger bands combined with the 55 and 100-hour SMAs forms a strong cluster of resistance located within the range 105.70/95.
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