Japan is releasing the Flash Manufacturing PMI data while the US is not publishing any economic data.
The support rests at 112.08 with resistance at 112.660 which both lines are above the weekly pivot point at 111.860. 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 above the 50 level, the Stochastic is moving in high ranges and the MACD indicator is in positive territory. The ADX is not showing any clear signals.
Despite the pair’s attempt to fall, USDJPY will continue its bullish trend towards 113.

usdjpy analysis

usdjpy