USD/JPY Steady

USD/JPY is trading steady Tuesday at 121.31, down 0.05. Overnight, the Bank of Japan left monetary policy unchanged. Comments by the BOJ and the press conference afterwards had little impact on the USD/JPY. Market chatter about wage talks in Japan on March 18 to March 20 continues. Chatter about U.S. monetary has become elevated. The FOMC concludes its March meeting on Wednesday and traders are looking for more information about the Fed's policy ahead from the meeting.