Hedge funds have cut back their huge bet against the yen ahead of the Bank of Japan's policy decision on Tuesday, but not by much, suggesting they don't believe a landmark interest rate hike would do much to improve the currency's immediate fortunes. The BOJ is expected to deliver its first rate hike in 17 years on Tuesday, bringing the curtain down on eight years of negative interest rate policy (NIRP), and the latest move to end decades of deflation-fighting, accommodative policy. As historic as that would be, however, it probably won't move the dial much for currency traders unless it is followed up with further ... (full story)