BoJ MPC Interest Rate Announcement and Monetary Policy Meeting Minutes were released in Japan and the US will publish Retail Sales, Capacity Utilization and Industrial Production.
The support rests at 107.040 with resistance at 108.090 which the weekly pivot point at 107.870 is located in between the lines. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is moving on level 50, 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.
Considering the correction pattern, USDJPY is targeting level 50 of Fibonacci at 108.200.