There are no major economic reports being released today in Japan but the US will publish Natural Gas Storage, Factory Orders m/m, Unemployment Claims and Challenger Job Cuts y/y.
The support rests at 114.120 with resistance at 114.540 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 moving in overbought area, the Stochastic is showing downward momentum and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
USDJPY is growing towards 115.
