The final risk event of the year has just taken place and no action was taken by the BOJ, as expected. We have seen some Yen weakness enter the market after some solid profit taking yesterday. The Nikkei remains below monthly resistance MR1 with the Yen pairs moving towards resistance. Will Yen weakness continue as the theme for today or will traders continue to get out of the market ahead of the Christmas period? With markets having expected no action one would except the latter. Please see technical analysis below for levels of support and resistance on the Nikkei, USDJPY and GBPJPY to keep an eye on during the day.