In Japan there was BOJ Governor Haruhiko Kuroda talk and Prelim Machine Tool Orders was published. The US is going to release Unemployment Claims, PPI Core, Continuing Claims and Wholesale Inventories data.
The support rests at 108.550 with resistance at 109.250 which both lines are above the weekly pivot point at 108.040. The EMA of 10 is moving horizontally in the ascendant channel and it is above the EMA of 100 and the EMA of 200. The RSI is moving above 50 level, the Stochastic is showing upward momentum and the MACD line is below the signal line in the negative territory. The ADX is showing weak buy signal.
USDJPY is moving in a tight range. It seems that USDJPY is consolidating within the Bollinger bands.