While the US is not publishing any major economic data, Japan has released Consumer Confidence Index, 10-y Bond Auction, and Monetary Base y/y.
The support rests at 113.510 with resistance at 114.160 which both lines are above the weekly pivot point at 113.270. 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 RSI is falling towards the 50 level, the Stochastic is showing downward momentum and the MACD line is above the signal line in the positive territory. The ADX is not showing any clear signals.
USDJPY is growing up within the ascendant channel towards the upper Bollinger band at 114.4.
