Japan will release All Industries Activity m/m.
The support rests at 109.800 with resistance at 110.190 which both lines are below the weekly pivot point at 110.440. 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 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.
The indicators are showing downward pressure but the price is no going to go below the lower Bollinger band at 109.5. usdjpy