Japan released the Revised Industrial Production m/m and the US will publish Prelim UoM Inflation Expectations, Prelim UoM Consumer Sentiment, Industrial Production m/m, Capacity Utilization Rate, Import Prices m/m, and Empire State Manufacturing Index.
The support rests at 110.190 with resistance at 110.410 which both lines are above the weekly pivot point at 109.780. The EMA of 10 is moving with bearish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving below 50 level, 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.
USDJPY has confirmed the support zone of 110, therefore buyers need to be patient and target 110.8.