There is no major economic news release in Japan but the US will publish Loan Officer Survey and Factory Orders m/m.
The support rests at 108.190 with resistance at 108.820 which the weekly pivot point at 108.460 is located in between the lines. The EMA of 10 is moving with bullish bias in the descendant channel and it is above the EMA of 200 and below the EMA of 100. The RSI is rising towards 50 level, the Stochastic is moving in high ranges and the MACD line is below the signal line in the neutral territory. The ADX is showing buy signal.
USDJPY may grow towards 61.8 level of Fibonacci at 108.80.
