Japan released the BOJ Policy Rate, Monetary Policy Statement and BOJ Outlook Report, while the US will publish Treasury Currency Report, Natural Gas Storage, Unemployment Claims, Durable Goods Orders m/m, and Core Durable Goods Orders m/m.
The support rests at 111.690 with resistance at 112.290 which the weekly pivot point at 111.960 is located in between the lines. The EMA of 10 is moving horizontally in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is falling towards 50 level, the Stochastic is showing downward momentum and the MACD line is above the signal line in the positive territory. The ADX is showing sell signal.
USDJPY may decline towards the support line but it is not going to break it then buyers can target 112.200.