USD/JPY flows: Ebb and flows before the real deal

Market participants' view on BoJ policy change continue to be caught between the March and April meeting. Nikkei reported that the BoJ will discuss ending negative interest rates in March's meeting with MUFG is forecasting the Bank of Japan to begin to tighten policy next week. Former BoJ official Hideo says once Bank abandons negative rate further moves will come very slowly, seems to be dampening market sentiment. 

USD/JPY continue to consolidate within Tuesday range and is trading 0.12% higher at 147.93.