Today USDJPY will be chiefly under the influence of the US economic reports such as Inflation rate and the Retail Sales.
The support rests at 113.460 with resistance at 114.000 which both lines are above the weekly pivot point at 112.310. The EMA of 10 is moving with bullish bias along the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving horizontally on the 50 level, the Stochastic is moving in middle ranges and the MACD indicator is in neutral territory. The ADX is showing sell signals.
Long term traders can target 115 while considering the pullbacks on the way.

usdjpy analysis