There are no major economic reports in Japan and the US will publish Building Permits, Housing Starts and Unemployment Claims.
The support rests at 105.650 with resistance at 106.070 which the weekly pivot point at 105.000 is located below the lines. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 100 and the EMA of 200. The Stochastic is moving in low ranges, the RSI is falling towards level 50. The MACD is moving in negative territory and the ADX is showing buy signal.
The support level breakthrough will confirm further decline towards the lower Bollinger band at 105; otherwise USDJPY continues its bullish trend towards 106.300.
