USDJPY grew by 24 points yesterday. Monetary Base and 10-Year JGB Auction were released in Japan and the US will publish IBD/TIPP Economic Optimism.
The support rests at 104.780 with resistance at 105.220 which the weekly pivot point at 104.410 is located below the lines. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 100 and the EMA of 200. The Stochastic is moving in high ranges, the RSI is moving in overbought area. The MACD is moving in neutral territory and the ADX is showing buy signal.
The resistance level breakout will confirm the bullish trend towards 107.
