Monetary Base and Monetary Policy Meeting Minutes were published in Japan and the US will release Unemployment Claims and Continuing Claims.
The support rests at 105.990 with resistance at 106.470 which both lines are below the weekly pivot point at 106.970. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 100 and the EMA of 200. The RSI is rising towards 50 level, the Stochastic is showing upward momentum and the MACD line is on the signal line in the neutral territory. The ADX is not showing any clear signals.
The resistance level breakout will push the price up towards 106.64; otherwise, USDJPY will continue its decline towards 105.500.
