The monthly FED FOMC meeting is scheduled for today at 18:00 GMT. As we said on the daily blog article yesterday, the FED are broadly exüected to hold still this time. No one expects them to hike interest rates today and the miss in the durable goods orders yesterday reinforced this scenario. Yet, the market is kinda nervous, you can feel it, neither the buyers nor the sellers have the guts to push the price in their direction. I guess they´re just staying on the sidelines just in case there are any surprises. 

USD/JPY has been trading sideways in the last two days in expectation of the FED and BOJ meetings