FxWirePro: USD/JPY largely muted post BOJ's status quo, holds above 200-DMA support

USD/JPY chart - Trading View 

• USD/JPY trades in narrow range, stays largely muted after BOJ's status quo.
   
• BoJ left the monetary policy settings unchanged, holding rates at -10bps while maintaining 10yr JGB yield target at 0.00%.
   
• The central bank also tweaked its assessment of the Japanese economy, citing growing risks from the slowdown in the external sector. 
   
• USD/JPY slipped lower in early Asia following reports that N. Korea is considering suspending nuclear talks with the US.
   
• The major quickly retraced dip and edged higher to currently trade at 111.68. 
   
• Price action holds above 200-DMA support. Weakness only on break below.
   
• Technical studies are slightly bullish. Next major hurdle lies at 76.4% Fib at 112.21.

Support levels - 111.43 (200-DMA), 111.02 (110-EMA), 110.77 (61.8% Fib)

Resistance levels - 112.21 (76.4% (Fib), 112.90 (channel top), 113

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.