Prelim Machine Tool Orders was published in Japan and the US will release Consumer Confidence.
The support rests at 103.130 with resistance at 103.670 which the weekly pivot point at 103.450 is located in between the lines. The EMA of 10 is moving with horizontal bias in the descendant channel and it is below the EMA of 200 and the EMA of 100. The Stochastic is moving in low ranges, the RSI is moving below level 50. The MACD is moving in positive territory and the ADX is not showing any clear signals.
The resistance line seems too strong to be broken, the bearish pressure may force a decline on USDJPY targeting 102.500.

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