There are no major economic reports in Japan but the US will release Pending Home Sales m/m, CB Consumer Confidence, Chicago PMI, S&P/CS Composite-20 HPI y/y, and Employment Cost Index q/q.
The support rests at 110.980 with resistance at 111.660 which both lines are below the weekly pivot point at 111. 780. The EMA of 10 is moving with bearish bias in the descendant channel and it is above the EMA of 200 and below 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.
USDJPY may be creating a correction pattern towards 61.8 level of Fibonacci at 110.600.
