• USD/JPY is currently trading around 104.93 marks.
   
• It made intraday high at 104.96 and low at 104.67 levels.
   
• Intraday bias remains bullish till the time pair holds key support at 104.40 levels.
   
• A daily close above 104.99 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 104.40 will drag the parity down towards key supports around 104.02, 103.52, 102.67, 101.56, 100.30, 99.27 and 98.78 levels respectively.
   
• Japan rate decision stays flat at -0.1 % (forecast -0.1 %) vs previous -0.1 %.
   
• BOJ keeps monetary policy steady.
   
• BOJ maintains short-term interest rate target at -0.1 pct.
   
• BOJ: to buy JGBs more or less at current pace so holdings increase at annual pace of around 80 trln yen.
   
• BOJ maintains 10-year JGB yield target around zero pct.
   
• BOJ: prolonged low-interest rate environment could weigh on financial institutions' profits, destabilise financial system.