• USD/JPY saw a sharp 80-pips rally above 110 barrier in a knee-jerk reaction to the latest BOJ headlines.
   
• BOJ is discussing negative-rate loans, following the decision by the BOJ to adopt negative rates on excess reserves earlier this year.
   
• Pair has now broken above the 109.90 level but finds next strong trendline resistance at 110.40.
   
• Daily techs are biased higher, breaks above 110.40 could see upside till 110.90.
   
• 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.