The debt market dynamics showed a moderate demand for the Japanese currency: the government bonds yields differential (the United States and Japanese) moderately reduced, which reduced the attractiveness of the US assets. By the end of the trades the pair slightly increased.
The first support resides at 111.40, the next is at 110.60. The first resistance stands at 112.20, the next one is at 113.00.
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 shows an upward movement and the Kijun-sen shows 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.
The potential decrease targets are two levels of support: 111.40 and 110.60.