USD/JPY comatose above 113 amid thin trading volume

• Market sentiment remains neutral in the NA session.
• Year-end flows weigh on the greenback.

The USD/JPY continues to move sideways in a tight range above the 114 mark on Wednesday as the low volume doesn't pave the way for fresh trading opportunities. 

The US Dollar Index, which started the quiet week under a modest pressure, drifted lower on the day. Although no fundamental catalysts were apparent behind today's fall, year-end liquidations could be weighing on the buck. As of writing, the DXY was down 0.27% at 92.60. Furthermore,  the consumer confidence in the U.S. weakened in December amid a somewhat less optimistic outlook for business and job prospects in the coming months, according to the report published by the Conference Board earlier today.

In the meantime, major equity indexes in the U.S. are painting a mixed picture with the Dow Jones adding 0.07%, the S&P 500 losing 0.14% and the Nasdaq Composite staying flat on the day. 

Technical levels to consider

The pair faces the first technical support at 112.90 (50-DMA) ahead of 112.35 (100-DMA) and 111.75 (200-DMA). On the upside, resistances could be seen at 113.60 (Dec. 21 high), 114.30 (Nov. 1 high) and 115 (psychological level).