FXStreet (Guatemala) - USD/JPY was relatively muted on the BoJ minutes with a slightly bearish move below 120.90 bid. The general feel is one of caution, especially around the emerging market slowdown. However, most members shared the view about the underlying inflation trend improving. The minutes come after the BoJ recently announced a JPY 300bn ETF program targeted at firms making investments in “physical and human capital announcing looser monetary policy via the extension of the average maturity of its government bond holdings from 7-10 years to 7-12 years to tackle yields at the longer end of the curve. However, there is a bid tone in the Yen and softer Nikkei as markets digested that programme actually is and hence lower Nikkei and higher Yen. Kuroda also said that these changes were no more than a technicality and does not represent additional easing. FXStreet hosted a special event about what 2016 might hold for the Forex traders. The panelists were Ashraf Laidi, Boris Schlossberg, Adam Button and Valeria Bednarik. Today, we want to share with you the recording of the whole show. Watch now and look out for commentary around the BoJ, Fed, commodities, China, uncertainties, crises and currency wars. USD/JPY levels Technically, the price action and charts are bearish with price below the 100/200 cross over and cluster of MA's on the daily chart, supported at the base of the “cloud” chart support at 120.85. A break to the downside could target 119 level near‐ term. Moreover, the downside momentum signals are bearishly aligned across a range of time frames. S1 is at 120.57 and S2 at 120.27. S3 is at 119.97 guarding aforementioned round number target of 119.00. For more information, read our latest forex news.