The USDJPY pair attempted to breach the EMA50 but it returned to settle below it, which keeps the bearish trend scenario valid until now, waiting to break 112.00 level to confirm extending the correctional bearish wave towards 111.10 followed by 110.38 levels that represent our next main targets.
Stochastic declines from the overbought areas to support the negative overview, which will remain valid and active unless breaching 112.45 level and holding above it.
Expected trading range for today is between 111.00 support and 112.80 resistance.
Expected trend for today: Bearish