The pair tried to develop an upward correction after Kuroda's statements. The Bank Governor hinted that they might expand the QQE program. Japan relies on exports, so it needs a weak Yen to survive.
The first support resides at 112.20, the next is at 111.40. The first resistance stands at 113.00, the next one is at 113.80.
There is a confirmed and a strong sell signal. The price is under the Ichimoku Cloud and it is under the Chinkou Span. The Tenkan-sen and the Kijun-sen show a horizontal movement. The downward movement will be until the price is under the Cloud.
The MACD indicator is in a negative territory. The price is correcting.
If the price fixates above the resistance 113.00, it may continue the upward trend in the short term. The potential target is 113.80.