Japan released PPI y/y and Core Machinery Orders m/m and the US will publish Federal Budget Balance,10-year Bond Auction, Crude Oil Inventories, Core CPI m/m and CPI m/m.
The support rests at 108.080 with resistance at 108.590 which the weekly pivot point at 108.210 is located in between the lines. 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 moving below 50 level, the Stochastic is moving in low ranges 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 within Bollinger band. While it is trying to find some consolidation around the weekly pivot point, sellers can target 107.800.