USDJPY started falling yesterday. There are no major economic reports in Japan today so the direction will be determined by the macro economic reports.
The support rests at 103.620 with resistance at 104.040 which the weekly pivot point at 103.930 is located in between the lines. The EMA of 10 is moving with bearish bias in the horizontal channel and it is above the EMA of 100 and the EMA of 200. The Stochastic is showing downward momentum, the RSI is moving on level 50. The MACD is moving in neutral territory and the ADX is showing sell signal.
USDJPY is on bearish trend targeting 103.200.