• NZD/JPY price action rages within the daily cloud which currently spans 75.81-77.00.
   
• Upside on daily charts has been capped at 78.6% Fib at 77.07, while 61.8% Fib at 76.15 is holding on the downside.
   
• Momentum still higher, breaks above 77 needed for further upside, pair holds above 5-DMA (76.13) after closing above on Monday's trade.
   
• BoJ will hold its two day monetary policy meeting on 27-28 April where it is expected to decide policy rate and update forecasts inflation and growth figures.
   
• Reuters poll shows 8 out of 16 analysts feel that the BOJ will take easing steps at 27-28 April meeting. 
   
• Technicals on hourly charts show upside. Pair is holding strong trendline support at 76 levels. Weakness seen only on breaks below.
   
• Next hurdle on the upside located at 77 ahead of 77.44 (Mar 7th highs) and then 77.75 (trendline).