- USD/JPY trades range-bound on the day 124.67-84, showed little reaction to BoJ's decision to stay pat
- Markets focus now on BOJ Governor Kuroda's press conference ahead of Europe open and US payrolls due later in the New York session
- Currently, the major is trading modestly flat at 124.77, struggling hard to reclaim 125 handle
- Immediate resistance lies at 125.01 (Daily High Aug 5), breaks above could take the pair to 125.60 (Hourly High Jun 8)
- On the downside, supports are seen at 124.27 (Hourly Low Aug 5) followed by 124.05 (10-Day MA)
Resistance Levels:
R1: 125.01 (Daily High Aug 5)
R2: 125.60 (Hourly High Jun 8)
R3: 125.68 (Daily High Jun 8)
Support Levels:
S1: 124.27 (Hourly Low Aug 5)
S2: 124.05 (10-Day MA)
S3: 124.02 (Daily Low Aug 5)
