USD's taking a break after yesterday's sprint

If you have stayed away from your trading desk last night, and returned
this Asian morning, you would not have noticed anything different on
the currency charts. The market hardly moved overnight, and it has been
a rather lifeless US session, after USD made all of its gains in the
Asian and European sessions yesterday. Ministry of Finance (MOF)'s
Watanabe said that further Yen weakness is not expected, but impact of
Yen carry trade is exaggerated. He also said that yields are supporting
the EUR and current Yen is not weak. Is he contradicting himself? Does
he think that the Yen have room to weaken further? Anyway, I honestly
don't think anyone's going to listen to him, with the market so focused
on Wednesday's US FOMC rate decision and policy statement. USD/JPY is now hovering around the fib resistance of 119.50, and...