All the pairs seem to be moving in very tight ranges in the Asian session so far. I suppose they are all waiting for the rate statement from Japan and also the press meet after that. But with a huge amount of data to be realeased from USA later on today, expect lot of volatility as the day wears on. All the crosses seem to be in a confused state of mind not knowing where to go. The statements from Japan would hopefully provide a direction.Below are the supports and resistances for the JPY crosses for today:-

USDJPY - Important support at 122.60. If that is broken, next support is at 122.26 which is a very strong support and the final major support is at 121.85. On the topside, the resistance is at 122.85 and then at 123.20. USDJPY has not moved much from where it was yesterday and so the S and R remains the same.

EURJPY - Important support at 163.30. If that is broken, next support is at 162.55 and the final major support is at 161.80. On the topside, the resistance is at 163.80 and then at 164.25.

GBPJPY - Important support at 242.20. If that is broken, next support is at 241.75 and the final major support is at 241.05. On the topside, the resistance is at 242.80 and then a major resistance at 243.15.

Happy Trading !!!