Japan released the Tokyo Core CPI y/y and the US will publish Revised UoM Inflation Expectations, Revised UoM Consumer Sentiment, Personal Income m/m, Durable Goods Orders m/m, Core PCE Price Index m/m, Personal Spending m/m and Core Durable Goods Orders m/m.
The support rests at 107.490 with resistance at 108.060 which the weekly pivot point at 107.850 is located in between the lines. 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 rising towards overbought area, the Stochastic is moving in high ranges and the MACD line is above the signal line in the positive territory. The ADX is not showing any clear signals.
USDJPY may continue its bullish trend within the ascendant channel towards the upper Bollinger band at 108.100.
