BOJ has released Interest Rate Decision today and the US will publish Initial Jobless Claims.
The support rests at 112.230 with resistance at 112.670 which both lines are above the weekly pivot point at 110.080. The EMA of 10 is moving with bullish bias along the ascendant channel and it is above the EMA of 100 and the EMA of 200. The RSI is moving in overbought area, the Stochastic is moving in high ranges and the MACD indicator is in positive territory. The ADX is showing buy signals.
Long positions are recommended targeting 114.

usdjpy analysis

usdjpy