Japan released the PPI y/y and the US will publish Treasury Currency Report, Natural Gas Storage, Unemployment Claims, Housing Starts, Philly Fed Manufacturing Index and Building Permits.
The support rests at 109.150 with resistance at 109.640 which both lines are below the weekly pivot point at 110.130. 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 moving in middle ranges and the MACD line is above the signal line in the positive territory. The ADX is showing sell signal.
The price is moving in lower Bollinger band which confirms USDJPY bearish trend towards 108.91.
