Japan released All Industries Activity m/m, Monetary Policy Statement, and BOJ Policy Rate. The US will publish CB Leading Index m/m, Unemployment Claims, and Philly Fed Manufacturing Index.
The support rests at 111.690 with resistance at 112.390 which both lines are below the weekly pivot point at 113.110. 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 the negative territory. The ADX is showing sell signal.
USDJPY may drop to 111.5 but then buyers can return to the market.
