Japan released Prelim Machine Tool Orders y/y, M2Money Stock y/y and Average Cash Earnings y/y and the US will publish IBD/TIPP Economic Optimism, JOLTS Job Openings and NFIB Small Business Index.
The support rests at 108.490 with resistance at 109.030 which both lines are above the weekly pivot point at 108.210. 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 moving in overbought area, the Stochastic is moving in high ranges and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
USDJPY is growing towards 61.8 level of Fibonacci at 109.100.
