It’s already been a big week and we still have some important drivers remaining on the calendar. The FOMC rate decision yesterday has led to a spike in yields, and this has had ramification in a number of related markets. This helped USD/JPY to drive up to another fresh 10-month-high ahead of the Bank of Japan rate decision scheduled for later this evening. For that meeting the same question remains that’s been present for the past few BoJ meetings: Will the bank begin to signal any form of change on the horizon? Inflation has continued to build in Japan and with USD/JPY pushing back towards the 150 level that ... (full story)