Industrial Production was released in Japan. The USDJPY trend direction is dictated by risk sentiment.
The support rests at 103.250 with resistance at 103.880 which the weekly pivot point at 103.550 is located in between the lines. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 200 and the EMA of 100. The Stochastic is moving in low ranges, the RSI is rising towards level 50. The MACD is moving in negative territory and the ADX is showing sell signal.
USDJPY is trying to find consolidation around the weekly pivot point.

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