Japan released the Final Manufacturing PMI, Tankan Manufacturing Index, Tankan Non-Manufacturing Index, and Unemployment Rate. The US will publish Wards Total Vehicle Sales, ISM Manufacturing Prices, Construction Spending m/m, ISM Manufacturing PMI and Final Manufacturing PMI.
The support rests at 107.970 with resistance at 108.650 which both lines are above the weekly pivot point at 107.690. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is rising towards overbought area, the Stochastic is moving in high ranges and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
USDJPY will continue its bullish trend towards 108.750.
