The yen is plumetting ahead of tonight's BoJ meeting, where central bank members are likely to complain about Kuroda's recent demand for intervention. The yen remains on the defensive and the dollar strengthening is still a major supportive factor for USD/JPY. The cross rate is testing a key resistance at 122.80/123.00 and a break would leave the high of last June at 126.00 in sight. In early European session, USD/JPY trades around 122.75 and EUR/JPY was last at 118.50. ///www.idealforex.sg-ib.com