Investors are buying JPY as the result of North Korea’s plans for Japan’s economic actions.
The support rests at 113.770 with resistance at 114.050 which both lines are above the weekly pivot point at 113.470. The EMA of 10 is moving with bearish bias along the descendant channel but it is above the EMA of 100 and the EMA of 200. The RSI is moving horizontally on 50 level, the Stochastic is showing downward momentum and the MACD indicator is in positive territory. The ADX is showing buy signals.
USDJPY is falling down within Andrews’ pitchfork targeting 113.

usdjpy analysis