Japan is not releasing any economic data and the US will publish NAHB Housing Market Index.
The support rests at 108.490 with resistance at 109.150 which the weekly pivot point at 108.770 is located in between the lines. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving on 50 level, 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.
USDJPY may grow towards the upper Bollinger band at 109.060.
