Japan released the BSI Manufacturing Index and the US will publish 10-y Bond Auction, Crude Oil Inventories, Final Wholesale Inventories m/m, PPI m/m and Core PPI m/m.
The support rests at 107.480 with resistance at 108.060 which both lines are above the weekly pivot point at 106.630. 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 may grow towards 108.200 but the reversal trend can be expected soon.