While Japanese markets are closed today the US will release Factory Orders MoM, Nonfarm Productivity QoQ Prel and Unit Labour Costs QoQ Prel.
The support rests at 111.380 with resistance at 111.650 which both lines are below the weekly pivot point at 111. 780. The EMA of 10 is moving with bullish bias in the descendant channel and it is below the EMA of 200 and below the EMA of 100. The RSI is moving on 50 level, the Stochastic is showing upward momentum and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
While indicators are showing bullish signs, the resistance line seems to be too strong to be broken. USDJPY may fall towards 111.