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• The USD/JPY slipped lower on Wednesday as yen firmed after comments from Bank of Japan Governor Kazuo Ueda .
• Bank of Japan Governor Kazuo Ueda stated on Wednesday that the central bank will raise interest rates and adjust monetary support if economic and price conditions continue to improve.
• Ueda's remark comes a day after BOJ Deputy Governor Ryozo Himino said the central bank would debate whether to raise interest rates at next week's policy meeting..
• At GMT 06:01 the pair was trading down 0.42 percent at 157.26.
• Immediate resistance is located at 158.26(38.2%fib), any close above will push the pair towards 159.70 (23.6%fib).
• Support is seen at 156.98(50%fib) and break below could take the pair towards 156.00 (Psychological level)
Recommendation: Good to sell around 157.50, with stop loss of 158.30 and target price of 156.60
