The USDJPY pair broke the key support 112.00 and closed last week below it, which activates the correctional bearish trend scenario on the intraday basis, to head towards targeting 111.10 followed by 110.38 areas as next main stations.
Therefore, the bearish trend will remain suggested for today unless the price managed to breach 112.45 level and hold above it, as this breach will stop the expected decline and lead the price to resume its short term bullish track again.
Expected trading range for today is between 111.00 support and 112.80 resistance.
Expected trend for today: Bearish