Current Account and Bank Lending were released in Japan and the US will publish Crude Oil Inventories.
The support rests at 107.390 with resistance at 107.960 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 moving on level 50, the Stochastic is showing downward momentum and the MACD line is on the signal line in the neutral territory. The ADX is not showing any clear signals.
USDJPY is moving in a tight range; it will be fluctuating within the Bollinger bands.
