Japan published PMI Manufacturing data and the US will release ISM Manufacturing.
The support rests at 107.920 with resistance at 108.500 which both lines are below the weekly pivot point at 109.080. 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 50 level, the Stochastic is showing upward momentum and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals.
Considering the correction pattern, USDJPY will be targeting level 50 of Fibonacci at 109.800.