Yesterday, the Governor of Bank of Japan, Haruhiko Kuroda said that Japan economy is recovering moderately, but private consumption is still weak. 

Mr. Kuroda told the parliament that it is true that consumption is not strong enough. He added that the raise in wage and household income are very crucial for consumers to raise their spending. 

According to him, there should not be changes in BOJ 2% inflation target. He told the parliament so when he was urged to change the target to long-term target instead of specific time.

On hourly chart, we can see that USD/JPY actually remains in sideway trend. Short-term movement possibly would be between support area at 109.449-109.101 and resistance area at 110.260-110.576. As intraday or short-term trading strategy, you can try to find bearish signal confirmation at the resistance area to go short, but be careful if the price managed to break 110.576 because it will turn the intraday bias to bullish with 110.977 as target and 111.313 in extension. 
Or, you can try to find bullish signal confirmation at the support area to go long and be careful if the price managed to break the support at  109.101 because it will turn the intraday bias to bearish with target at 108.700-108.364. 

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