Tertiary Industry Index and Industrial Production were released in Japan and the US will publish UoM Inflation Expectations and Import price index.
The support rests at 106.750 with resistance at 108.050 which both lines are below the weekly pivot point at 108.940. The EMA of 10 is moving with bullish bias in the descendant channel and it is below the EMA of 200 and below the EMA of 100. The RSI rising towards level 50, the Stochastic is showing upward momentum and the MACD line is on the signal line in the neutral territory. The ADX is showing weak sell signal.
USDJPY has started the correction pattern. Buyers can target level 50 of Fibonacci at 108.200.
