There are no major economic reports in Japan and the US.
The support rests at 107.560 with resistance at 108.460 which the weekly pivot point at 108.230 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 above the EMA of 100. The RSI is falling towards oversold area, the Stochastic is moving in low ranges and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals.
USDJPY may continue its bearish trend towards the lower Bollinger band at 107.5.
