There are no major economic reports in Japan and the US so USDJPY will be mostly under the influence of macroeconomic reports.
The support rests at 107.230 with resistance at 107.740 which the weekly pivot point at 107.590 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 200 and the EMA of 100. The RSI is moving below 50 level, the Stochastic is moving in low ranges and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals.
USDJPY is under pressure and sellers can target 107.200.
