Japan has published Industrial Production and Capacity Utilization and the US will release Retail Sales MoM, Industrial Production and Michigan Consumer Sentiment Prel.
The support rests at 108.030 with resistance at 108.450 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 falling towards oversold area, the Stochastic is showing downward momentum and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
USDJPY may continue its bearish trend towards 107.500.