Japan released the BOJ Core CPI y/y and the US will publish Richmond Manufacturing Index, Existing Home Sales and HPI m/m.
The support rests at 107.910 with resistance at 108.310 which both lines are above the weekly pivot point at 107.780. 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 above 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 continue its bullish trend towards 108.400.
