Japan is releasing 30-y Bond Auction data and the US is publishing Crude Oil Inventories, ISM Non-Manufacturing PMI, Final Services PMI, Trade Balance, Unemployment Claims.
The support rests at 112.880 with resistance at 113.420 which both lines are above the weekly pivot point at 112.130. The EMA of 10 is moving with bullish bias along the ascendant channel and it is above the EMA of 100 and the EMA of 200. The RSI is moving horizontally on the 50 level, the Stochastic is showing downward momentum and the MACD indicator is in positive territory. The ADX is not showing any clear signals.
Long positions are recommended targeting 114.

usdjpy analysis

usdjpy