Japan released the Prelim Machine Tool Orders y/y, PPI y/y, Core Machinery Orders m/m and Bank Lending y/y and the US will publish Federal Budget Balance, 10-y Bond Auction, Crude Oil Inventories, Core CPI m/m and CPI m/m.
The support rests at 110.980 with resistance at 111.300 which both lines are below the weekly pivot point at 111.450. The EMA of 10 is moving with bearish bias in the descendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is rising towards 50 level, the Stochastic is showing upward momentum and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
USDJPY may fall towards 61.8 level of Fibonacci at 110.500.
