USD/JPY loses further ground, Bank of Japan decision just an hour or so away

The Bank of Japan have already told us they’ll be announcing plans to cut back on Japanese Government Bond buying.

The question is if they’ll hike rates again.

The chatter overnight centred on a 15bp hike:

• Forexlive Americas FX news wrap: Bank of Japan leaks the possibilty of 15 bps hike

Bank of Japan Governor Ueda has made a habit of confounding expectations like this. Will he do the same again today?

Earlier:

“Bank of Japan to outline bond taper plan, debate rate hike timing”

• Bank of America expect a Bank of Japan rate hike today … see USD/JPY to (eventually) 145

• Bank of Japan Decision Day: Will Rates Rise or Hold Steady?

• 5 reasons the Bank of Japan should be wary of hiking rates this week

• MUFG worry that lack of BoJ guidance on this week’s meeting means no rate hike until Dec

Leaky BOJ?

Announcement due in the 0230 to 0330 GMT time window

This article was written by Eamonn Sheridan at www.forexlive.com. Source