Not a big move for USD/JPY (or much else) but since earlier lows in the session here circa 111.40 its around (just above) 111.60 now .
Data and relevant news flow …. nope, nothing much at all.
The USD had a bit of a ride during Europe/US hours, losing ground into the FOMC announcement and rising suddenly when Powell was perceived as not as dovish as expected at the press conference - drop back in inflation transitory he said.
One thing to note from today here in Asia, South Korea's manufacturing PMI came in above 50, the first time in expansion for 6 months. Data from SK has been poor but following not as bad as expected export data this week and today's PMI perhaps there is a glimmer of hope for a turnaround. It'd fit with improvement in China data also.
If risk becomes more attractive again yen should lose some ground. Perhaps that is a story of today's move. or perhaps not.