• USD/JPY has held rising trendline support at 113.27 on the 4 hourly charts and edges higher.
  
  
• Recovery picks-up pace in response to the renewed rally seen in the Chinese equities.
  
  
• Shanghai Composite bounces 0.63%, CSI 300 rises +1.34% and Nikkei 225 finished up 0.32%.
  
  
• Earlier today BoJ Gov Kuroda said that the Central bank was not currently considering taking interest rates further into negative territory.
  
  
• Focus now on the crucial NFP data due in the NY session, which will provide fresh hints on the Fed interest rates outlook and have a major impact on the pair.

Recommendation: Good to buy dips around 113.80, SL: 113.40, TP: 114.25/55

Resistance Levels:

R1: 114

R2: 114.18 (Mar 1st highs)

R3: 114.26 (March 3rd highs)

Support Levels:

S1: 113.54 (5-DMA)

S2: 113.27 (trendline)

S3: 113.17 (10-DMA)