• USD/JPY extends range trade, hovers around 20-DMA at 102.18.
   
• Momentum studies are neutral, Techs have a bearish bias.
   
• FOMC and the BoJ monetary policy meetings on Wed in Focus. Both banks are likely to stay on hold. 
   
• Comprehensive assessment by BoJ will be watched for any indications of a change in the monetary policy framework and/or additional monetary easing.
   
• Major resistance seen at 102.71 (50-DMA), only decisive break above to see reversal in the bearish trend.
   
• Major support levels - 101.92 (50% Fib), 101.73 (Sept 16 low), 101.36 (61.8% Fib)
   
• Major resistance levels - 102.18 (20-DMA), 102.49 (38.2% Fib), 102.71 (50-DMA)