Japan is not releasing any major economic data but the US will publish NAHB Housing Market Index, JOLTS Job Openings, Industrial Production m/m, and Capacity Utilization Rate.
The support rests at 111.750 with resistance at 112.330 which both lines are below the weekly pivot point at 112.670. 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 rising towards the 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.
USDJPY may continue its bullish trend towards 112.5 then sellers can expect a price decline.