Gross Domestic Product, Current Account and Household Spending were released in Japan and the US will publish NFIB Small Business Index and Non-Farm Productivity.
The support rests at 103.900 with resistance at 104.160 which both lines are below the weekly pivot point at 104.190. The EMA of 10 is moving horizontally along the horizontal channel and it is below the EMA of 200 and the EMA of 100. The Stochastic is moving in low ranges, the RSI is moving below level 50. The MACD is moving in neutral territory and the ADX is not showing any clear signals.
USDJPY is moving in a tight range, the bearish pressure may push the price down towards the lower Bollinger band at 103.750.
