CNBC conducted the poll, the main points:
- The Bank of Japan is expected to raise its benchmark interest rate this week by 25 basis points.
- A hike will put the BOJ’s key rate at 0.5%, its highest level since 2008.
- Public comments by Governor Kazuo Ueda and a speech by the Deputy Governor Ryozo Himino to business leaders last week have indicated BOJ’s willingness to hike rates, economists said.
More at that link.
USD/JPY update:
USD/JPY is holding well given expectations for the hike. Priced in?
This article was written by Eamonn Sheridan at www.forexlive.com. Source