• USD/JPY edges higher to hover around 101 handle after testing session lows of 100.70. 
   
• Technical studies are inconclusive, a decisive break above hourly 100-SMA at 101.14 could see upside gain traction. We then see scope for test of 102.50 (trendline). 
   
• Weekly charts have a bearish bias. Break below major trendline support at 100.10 could see downside upto 98.78.
   
• Markets focus on BOJ’s Kuroda speech scheduled later in the day where he is widely expected to  defend last week’s decision.
   
• Major support levels - 100.70 (session low), 100.10 (trendline), 100, 99.54 (Aug 16 low), 98.78 (June 24 low)
   
• Major resistance levels - 100.93 (Aug 22 high), 101, 101.58 (10-DMA), 102, 102.17 (20-DMA), 102, 102.50 (trendline)