• USD/JPY is currently trading around 103.65 marks.
   
• It made intraday high at 104.12 and low at 103.52 levels.
   
• Intraday bias remains bearish till the time pair holds key resistance at 104.31 levels.
   
• A daily close above 104.00 will take the parity higher towards key resistances around 105.50, 106.12, 106.72, 107.49, 107.90 and 109.13 levels respectively.
   
• On the other side, a sustained break below 103.26 will drag the parity down towards key supports at 102.86, 101.97, 101.23, 100.48, 99.99, 99.27 and 98.78 levels respectively.
   
• BOJ Governor Kuroda: Negative rates have had impact on market liquidity, banks' profits, so need to assess this policy.
   
• BOJ Governor Kuroda: We should not hesitate to go ahead with monetary easing as long as it's necessary for japan's economy as a whole.
   
• BOJ Governor Kuroda: BOJ should always prepare policy options to address situations where drastic measures are warranted.
   
• BOJ Governor Kuroda: BOJ's September comprehensive review won't lead to discussions that could lead to tapering of monetary easing.
   
• BOJ Governor Kuroda: Japan is no longer in deflation.
   
• BOJ Governor Kuroda: It is unquestionable that BOJ's QQE with negative rates have contributed significantly to turnaround in economy.
   
• BOJ Governor Kuroda: There is still ample space for further cuts in negative rates, increase in asset buying.