Japan released the Economy Watchers Sentiment, 30-y Bond Auction, Current Account and Bank Lending y/y and the US will publish Import Prices m/m and NFIB Small Business Index.
The support rests at 109.270 with resistance at 109.910 which both lines are below the weekly pivot point at 110.130. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is moving below 50 level, the Stochastic is showing upward momentum and the MACD line is above the signal line in the positive territory. The ADX is not showing any clear signals.
USDJPY may grow towards the upper Bollinger band at 110.10; however long term bearish trend may persist.
