Reuters sources say the BOJ is set to hike rates 25bp to 1.25% next week
With a strong anticipation of September rate hike, market participants will likely be disappointed by the lack of commitment from the BoJ towards next week. Reuter sources likely confirmed that as it suggest Ueda will avoid getting himself to the corner, yet it will mean a fast collapse for the JPY on announcement.
USD/JPY is trading 0.07% lower at 154.32 with rising yields across the JGB curve.