There are no major economic reports in Japan but U.S. Producer Price Index will bring some volatility to the market.
The support rests at 112.850 with resistance at 113.190 which both lines are below the weekly pivot point at 113.940. 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 falling towards the 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 not showing any clear signals.
It seems that USDJPY is falling towards the 61.8 level of Fibonacci at 112.
