There are no major economic reports in Japan. Yen is moving stronger against USD but USD is growing before the Fed members’ talks.
The support rests at 104.030 with resistance at 104.600 which both lines are below the weekly pivot point at 105. 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 moving in oversold area, 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 breakthrough may push the price down towards 103.500 however it seems that USDJPY is consolidating on the lower Bollinger band. The correction pattern can be expected soon.

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