Japan released the Retail Sales y/y, Prelim Industrial Production m/m, Unemployment Rate and Tokyo Core CPI y/y. The US will publish Crude Oil Inventories and Natural Gas Storage.
The support rests at 109.400 with resistance at 109.580 which the weekly pivot point at 109.440 is located in between the lines. The EMA of 10 is moving with bearish bias in the horizontal channel and it is above the EMA of 200 and the EMA of 100. The RSI is falling towards 50 level, the Stochastic is showing downward momentum and the MACD line is above the signal line in the positive territory. The ADX is not showing any clear signals.
The support level breakthrough will push the price down towards the lower Bollinger band at 109.280, otherwise, USDJPY will be fluctuating within the support and resistance lines.