The USD/JPY declined by 0.54% on Wednesday. Reversing a 0.13% gain from Tuesday, the USD/JPY ended the day at 147.487. On Wednesday, the USD/JPY rose to a high of 148.384 before falling to a low of 146.651. The Bank of Japan and Pivot Bets On Thursday, investors must track Bank of Japan commentary throughout the session. On Tuesday, Bank of Japan Governor Kazuo Ueda discussed the blueprint for exiting negative rates. Wage growth and the services sector were two focal points. In January, the Jibun Bank Services PMI unexpectedly increased from 51.5 to 52.7. Significantly, input prices rose at a more marked pace, with ... (full story)