Trade Balance, PMI Manufacturing, PMI Composite and Tertiary Industry Index were released in Japan and the US will publish Retail Sales, ISM Manufacturing and FOMC Statement.
The support rests at 103.260 with resistance at 103.790 which both lines are below the weekly pivot point at 104.150. 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 Stochastic is moving in low ranges, the RSI is moving in oversold area. The MACD is moving in negative territory and the ADX is showing sell signal.
The support level breakthrough will confirm the decline towards 102.800; otherwise, USDJPY will grow towards the middle of the Bollinger bands at 103.800.