BSI Manufacturing Index and Domestic Corporate Goods Price Index were released in Japan and the US will publish Consumer Price Index Core, Unemployment Claims and Continuing Claims.
The support rests at 104.110 with resistance at 104.760 which the weekly pivot point at 104.200 is located in between the lines. The EMA of 10 is moving with bullish bias in the horizontal channel and it is below the EMA of 200 and above the EMA of 100. The Stochastic is moving in high ranges, the RSI is moving in overbought area. The MACD is moving in positive territory and the ADX is showing buy signal.
The resistance line seems too strong to be violated therefor USDJPY may consolidate around the EMA of 100 and 200 and may drop to 103.850 eventually.

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