Japan is not releasing any economic data but the US will publish Flash Services PMI and Flash Manufacturing PMI.
The support rests at 107.170 with resistance at 107.760 which both lines are below the weekly pivot point at 107.850. The EMA of 10 is moving with bearish bias in the descendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving below 50 level, the Stochastic is moving in low and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
Considering the correction pattern, USDJPY is falling down towards 61.8 level of Fibonacci at 106.
