Japan has not released any economic data today but the US will publish Personal Income m/m, Personal Spending m/m, Core PCE Price Index m/m.
The support rests at 108.490 with resistance at 109.130 which both lines are below the weekly pivot point at 109.370. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is rising towards the 50 level, the Stochastic is showing upward momentum and the MACD line is above the signal line in the positive territory. The ADX is not showing any clear signals.
Since USD is getting empowered, there is a high chance that USDJPY starts its correction pattern towards 61.8 level of Fibonacci however, pull backs will be observed on the way while 108 level remains the floor of the market.

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