There are no major economic reports in Japan so USDJPY will be chiefly under the influence of news for the US.
The support rests at 107.330 with resistance at 107.930 which the weekly pivot point at 107.570 is located in between the lines. The EMA of 10 is moving horizontally in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is falling towards level 50, the Stochastic is moving in high ranges and the MACD line is below the signal line in the negative territory. The ADX is showing buy signal.
USDJPY is consolidating within the colored area.
