• USD/JPY strengthened on Monday as yen continued to fall against green back on dovish BoJ rate outlook.
•The Bank of Japan maintained steady interest rates on Friday, with its governor stating that the bank could take time to assess global economic uncertainties, indicating no urgency to raise borrowing costs.
• The dollar has jumped above 144 level yen after Ueda's remarks did not give strong clues on the chance of a near-term rate hike.
•At GMT 07:55, the pair was trading up 0.16 percent at 144.10 ,highest since Sep 5th.
• Immediate resistance is located at 144.55 (38.2%fib), any close above will push the pair towards 145.00 (Psychological level).
• Support is seen at 143.90 (Sep 5th low) and break below could take the pair towards 141.63 (23.6%fib).
Recommendation: Good to buy around 143.90, with stop loss of 143.20 and target price of 145.00
