2016.05.2500:10:00UTC+00Fxwirepro: Usd/jpy slips Below 110 Handle on Kuroda's Hawkish Comments, Good to Sell Rallies

• USD/JPY upside lost momentum and the pair slipped below 110 handle after BoJ's Kuroda surprised markets.
   
• Kuroda for the first time ever spoke on rolling back the ongoing accommodative monetary policy regime.
   
• Yen back on the bids, pushes USD/JPY lower. Pair slips below the 110 handle. Breaks 1H 21-SMA at 109.90.
   
• Techs on hourlies support downside, 5-SMA on the verge of a bearish crossover on 10-SMA. Stochs and RSI are biased lower.
   
• Immediate support and resistance are seen at 109.85 (50-DMA) and 110.34 (23.6% Fib June 2015 to May 2016 fall).
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Recommendation: Good to sell rallies around 109.90/95, SL: 110.25, TP: 109.35