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AUD/JPY: Narrow Range, Bullish Bias—Dip-Buy Setup at 113.58–60 Targets 115 
Nervousness creeps into markets ahead of the much awaited Fed policy announcement due later today:
- Growing expectations of BOJ unveiling additional stimulus at Friday's meet, especially after weak retail sales data keeping Yen under pressure
- USD/JPY is currently trading at 120.36, with day's high at 120.54 and low at 120.24
- Daily cloud base at 120.23 is seen at strong support, breaks below could take the pair to next support at 119.77 (daily Kijun)
- Resistance on the upside is located at 120.67 (cloud base) ahead of 120.77 (Oct 22 high) and then at 120.98 (Sept 17 high)
- Downside remains cushioned as the yen remains weighed down by the dismal retail sales figures, some support to the bulls
- If price breaks above resistance at 120.67, gains upto channel resistance at 121.55 likely and 122 cloud be the next stop for bulls
