Japan released the Revised Industrial Production m/m, Flash Manufacturing PMI, Tankan Non-Manufacturing Index, and Tankan Manufacturing Index. The US will publish Business Inventories m/m, Flash Services PMI, Flash Manufacturing PMI, Industrial Production m/m, Capacity Utilization Rate, Retail Sales m/m and Core Retail Sales m/m.
The support rests at 113.340 with resistance at 113.580 which both lines are above the weekly pivot point at 112.920. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 100 and the EMA of 200. The RSI is rising towards the overbought area, the Stochastic is showing downward momentum and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
USDJPY may continue its bullish trend towards 113.7.
