National CPI, Retail Sales, Industrial Production and Housing Starts were released in Japan and the US will publish PCE Core, Personal Spending and Goods Trade Balance.
The support rests at 105.690 with resistance at 106.510 which the weekly pivot point at 105.520 is located below the lines. The EMA of 10 is moving with bullish bias in the long term 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 above level 50. The MACD is moving in positive territory and the ADX is showing weak buy signal.
USDJPY is on bullish bias, buyers can target the upper Bollinger band at 106.600. Considering the falling pattern, USDJPY may decline towards 104.980.