Japan released the Flash Manufacturing PMI and National Core CPI y/y and the US will publish Existing Home Sales, Flash Services PMI, and Flash Manufacturing PMI.
The support rests at 107.150 with resistance at 108.090 which both lines are below the weekly pivot point at 108.510. 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 50 level, the Stochastic is showing upward momentum and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
USDJPY has hit the lower band and it’s time to grow toward the upper Bollinger band at 108.900.