Having failed to take-out 113 barrier, the USD/JPY pair turn lower and now accelerates to the downside below 112 handle. No respite from BOJ Kuroda’s comments The bears are back in command heading towards the European open and dragged the USD/JPY pair to fresh session lows at 111.72, before recovering some ground and climbed back above 112 handle, where it now wavers. The yen was unperturbed by a slew of comments crossing the wires from BOJ Governor Kuroda and the Japanese PM Abe’s adviser and regained poise as risk-off sentiment continues to persist, with Nikkei closing down nearly 5%, while the European indices futures turned in the red and points towards a negative start to the European markets. Meanwhile, the latest headlines from Kuroda noted that the central bank is “closely monitoring market moves” and “will make sure new policy won't have severe bank impact.” Earlier in Asia, the major rebounded higher and tested 113 handle after headlines hit the wires that BOJ may call an emergency meeting on further easing. While BOJ intervention talks continued to do the rounds all through the session. Next on tap remains a fresh batch of the US macro updates due later today for further momentum on the pair. USD/JPY Technical levels to watch In terms of technicals, the immediate resistance is located at 113/113.30 (psychological levels/ 1h 50-SMA). A break above the last, the major could test 113.85 (5-DMA). While to the downside, the immediate support is seen at 111.72 (Daily low) and below that at 110.98 (Feb 11 Low). For more information, read our latest forex news.