Japan has released Trade Balance data, and the US will publish CB Leading Index m/m.
The support rests at 111.900 with resistance at 112.180 which both lines are below the weekly pivot point at 112.640. The EMA of 10 is moving with bearish bias in 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 moving in low ranges and the MACD line is below the signal line in negative territory. The ADX is showing sell signals.
The support area seems to be too strong to be broken therefore long positions are recommended towards 113.

usdjpy analysis