Technical analysis:
USD/JPY has been downside but with decreasing in momentum, which is bullish sign. I see potential for the rally till end of the day...
Trading recommendation:
Watch for potential buying opportunities on the breakout of the mini downside channel.
Upside target is set at the price of 111.10.
Stochastic is showing oversold condition and fresh bull cross, which is another sign and confirmation for the upside rotation...Support is set at 110.70