FxWirePro: USD/JPY fades a knee-jerk spike to 114.14 post BoJ, slips below 113.50, focus now on Kuroda’s presser

• BoJ policy meeting saw no changes, the central bank kept interest rate at -0.1% and maintained 80 trln yen base money target.
   
• The central bank removed language from its statement that it will cut interest rates further into negative territory if judged necessary.
   
• The Yen initially slipped but regained control and inched higher against the US dollar.
   
• USD/JPY hit session lows at 113.29, and has slipped further as we write to break below cloud top support at 113.26.
   
• Momentum is lower, test of 113 and then 112.70 likely, markets focus on Kuroda’s presser for further direction.
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Recommendation: Good to sell rallies around 113.30, SL: 113.70, TP: 113/112.70