USD/JPY (a 4-hour chart)
The yen strengthened as a safe asset amid a risk aversion. The BoJ chief Kuroda's words that the regulator was ready to implement additional measures to boost inflation failed to limit the growth of the yen.
The risk-off sentiment supported the demand for the yen. The price slid downwards from the Asian high at 101.00 towards the immediate support at 100.40 where the downward pressure faded. The 50, 100 and 200 EMAs accelerated their declines. All moving averages keep heading lower in the 4 hours chart. The resistance is at 101.40, the support comes in at 100.40.
The indicators continued heading south within negative territory. MACD remained at the same level which confirms the strength of sellers. RSI remained above the oversold area.
The overall outlook remained bearish. A close below 100.40 will trigger losses to the 100.00 level. If the support holds the USD/JPY may bounce towards 101.40.