Reuters has reported that the Bank of Japan Governor Haruhiko Kuroda said on Tuesday it was premature to debate the chance of reviewing the bank's monetary policy framework as more time will be needed to sustainably achieve its 2% inflation target.

''Kuroda made the comment in parliament when asked about BOJ board member Naoki Tamura's recent remarks that the central bank should review its monetary policy framework and tweak its massive stimulus programme depending on the outcome.''

USD/JPY update

• USD/JPY Price Analysis: Bulls and bears in battle between key territories

Bulls eye a break ok 138.00 . However, while on the front side of the micro trendlines, the bias remains bearish and a fade on rallies could be in store.