Bank Lending, Current Account and Economy Watchers Survey were released in Japan. FOMC Members will speak today in the US. USDJPY is rising above 103.500 as JPY was pressured as the Yen yields dropped. On the other hand, USD is on bullish side.
The pair is finding support on 104.790 with resistance at 105.510 which both lines are above the weekly pivot point at 103.960. The EMA of 10 is below the EMA of 200 and above the EMA 100 and they are all in bullish bias along the ascendant channel.
The indicators are all showing bullish signs. The Stochastic is on high ranges, the MACD is in positive territory and the ADX is showing buy signals. RSI is moving in overbought area.
Buyers can expect further growth towards 106.
