There are no major reports in Japan today, however, the US is publishing Crude Oil Inventories, Housing Starts and Building Permits.
The support rests at 111.890 with resistance at 112.280 which both lines are below the weekly pivot point at 113.080. The EMA of 10 is moving with bearish bias along the descendant channel and it is below the EMA of 100 and the EMA of 200. The RSI is moving in oversold area, the Stochastic is showing upward momentum and the MACD indicator is in negative territory. The ADX is showing buy signals.
The resistance level breakout will smooth the way for further growth targeting 113 area, otherwise the price will drop to 110.

usdjpy analysis