There are no major economic reports in Japan but the US will release Philadelphia Fed Manufacturing Index, Unemployment Claims and Continuing Claims.
The support rests at 106.470 with resistance at 107.190 which both lines are below the weekly pivot point at 107.870. 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 rising towards level 50, the Stochastic is moving in low ranges and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
The support level seems to be too strong to be broken. USDJPY will be moving within the support and resistance lines.
