The money supply in Japan came out at 7.0% (MoM) which was a decrease from June's base of 7.4% and was lower than the forecasted 7.3%. These results may have a negative impact on the JPY. Other than that, expect a quiet session ahead for the pair as it continues to consolidate ahead of the U.S. NFP due tomorrow.
Looking at the technical side we see that USDJPY reached a peak of 112.15 yesterday before moving in a downward direction. As it seems USDJPY may be moving towards the 110.87 support before it retaliates back to yesterday's high of 112.15.
Support: 110.87 110.67
Resistance: 112.15 112.53