As the BOJ is silent on monetary policy, the pair is still in green. Though upside is limited as it is already in all time high zone. Inflation data in Japan may make the policy makers think to bring the negative rate to neutral and in positive digits. So in my opinion the pair is going towards its recent demand zone that is 127 level and after breaking that it...
The pair is showing strength after touching its 2017 low. On Northwards it may reach up to initial hurdle 1.092 thereafter consolidation next target 1.11. Another scenario if breaks 1.05 level it may try to touch parity level which is also a possibility if Russia-Ukraine conflict get complicated. But overall it will be going at least 2-3 resistance level.
