There are no major economic reports in Japan but the US is publishing Final Manufacturing PMI.
The support rests at 111.930 with resistance at 113.190 which the weekly pivot point at 112.85 is located in between the lines. The EMA of 10 is moving with bearish bias in the descendant channel and it is above the EMA of 200 and below the EMA of 100. The RSI is moving in oversold area, the Stochastic is moving in low ranges and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
All indicators are showing sell signals however, the price has already reached the lower Bollinger band and it might also drop more towards the support area but it will start its correction pattern soon targeting 113.1.

usdjpy analysis

usdjpy