Prelim Machine Tool Orders was published in Japan and the US will release Existing Home Sales.
The support rests at 106.860 with resistance at 107.890 which both lines are below the weekly pivot point at 108.690. The EMA of 10 is moving horizontally in the descendant channel and it is below the EMA of 100 and the EMA of 200. The RSI is moving below 50 level, the Stochastic is showing downward momentum and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
USDJPY may fall towards the previous low at 106.900.
