There are no major economic reports in Japan and the US but JPY is acting stronger against USD.
The support rests at 110.400 with resistance at 110.760 which the weekly pivot point at 110.68 is located in between the lines. 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 rising towards the 50 level, the Stochastic is showing upward momentum and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals.
The resistance level breakout will push the price up towards 111.
