Japan has published the Housing Starts y/y, BOJ Outlook Report, Monetary Policy Statement, BOJ Policy Rate, Retail Sales y/y, Unemployment Rate and the US will release Revised UoM Inflation Expectations, Revised UoM Consumer Sentiment, Employment Cost Index q/q, Advance GDP Price Index q/q, and Advance GDP q/q.
The support rests at 109.020 with resistance at 109.670 which both lines are above the weekly pivot point at 107.450. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving in overbought area, the Stochastic is moving in middle ranges and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals.
USDJPY may rise towards 109.8 area but then sellers can target 107.

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