Japan released the M2 Money Stock y/y and the US will publish Prelim UoM Inflation Expectations, Prelim UoM Consumer Sentiment, and Import Prices m/m.
The support rests at 107.750 with resistance at 108.200 which both lines are above the weekly pivot point at 107.290. 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 the previous high therefore buyers can target 108.380.
