Japan published the Prelim Machine Tool Orders y/y and PPI y/y but the US will not release any Economic Data.
The support rests at 109.100 with resistance at 109.690 which the weekly pivot point at 109.370 is located in between the lines. 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 moving above the 50 level, the Stochastic is showing upward momentum and the MACD line is on the signal line in the neutral territory. The ADX is showing buy signal.
The support line seems to be too strong to be broken therefore long positions are recommended towards 111.

usdjpy