Japan is not releasing any economic data but the US will publish Natural Gas Storage, Factory Orders m/m, ISM Non-Manufacturing PMI, Final Services PMI, Trade Balance, Unemployment Claims, Prelim Unit Labor Costs q/q, Prelim Nonfarm Productivity q/q and Challenger Job Cuts y/y.
The support rests at 109.470 with resistance at 109.900 which both lines are above the weekly pivot point at 108.740. 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 the overbought area, the Stochastic is showing downward momentum and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals.
USDJPY will continue its bullish trend targeting 110, however, pullbacks may drag the price down towards the lower Bollinger band at 109.15.