BOJ Core CPI data was released in Japan and the US will publish New Home Sales and there will be FOMC Members’ talks.
The support rests at 108.480 with resistance at 109.160 which the weekly pivot point at 108.950 is located in between the lines. The EMA of 10 is moving with bearish bias in the ascendant channel and it is above the EMA of 100 and the EMA of 200. The Stochastic is showing downward momentum, the RSI is moving below level 50. The MACD is moving in negative territory and the ADX is showing sell signal.
The support level breakout will pave the way for further decline towards 108; otherwise USDJPY will continue its gradual growth.