Tertiary Industry Index was released in Japan and the US will release Federal Budget Balance.
The support rests at 106.700 with resistance at 106.990 which both lines are below the weekly pivot point at 107.120. 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 rising towards level 50, the Stochastic is showing upward momentum and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
The resistance level breakout will confirm the bullish trend towards 107.500; otherwise USDJPY will continue its bearish trend towards the previous low at 106.