USD/JPY flows: BoJ Hike by 25bps As Expected

As per forecast, the BoJ has hiked rates by 25bps in the December meeting and bring short term interest rate to 0.75%. It came as no surprise given the current inflationary dynamic and the October hold was mostly political. The forward guidance continue to be copy and paste from the BoJ with ambiguity on the timeline of next rate hike. 

USD/JPY rises by 0.31% to 155.93 for most of the hike is priced in and Ueda's press conference may not bring any hawkish surprise.