Japan and the US are not releasing any economic reports today therefore there will be low volatility for USDJPY.
The support rests at 110.470 with resistance at 111.210 which both lines are below the weekly pivot point at 111.350. 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 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.
USDJPY started the week with a sharp decline and considering the indicators signaling bearish trend, short positions are recommended towards 110.