There are no major economic reports being released today in the US or Japan.
The support rests at 108.500 with resistance at 108.820 which both lines are below the weekly pivot point at 109.020. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is falling below the 50 level, the Stochastic is moving in middle ranges and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
Short positions are recommended towards 107.5.
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