USD/JPY flows: April Hike Speculation

BOJ likely to raise rates 25bp April, former board member says

Bloomberg reported that ex BoJ board member Seiji Adachi believe that April would be the best time BoJ to hike by another 25bps and suggest 1.25% to be the new neutral rate. The timing is good as the srping wage negotiation will likely be concluded in late March.

USD/JPY is trading 0.37% lower at 152.94.