After the Bank of Japan’s inaction overnight, the Nikkei fell a good 3% and the USD/JPY, which was already downbeat because of a dovish Fed the night before, tumbled below 105 to reach a low so far of 103.55. The USD/JPY and the dollar in general, has since bounced back a tad as traders took profit ahead of key US economic data at 13:30 BST (08:30 ET), including the latest inflation figures. If these numbers show further weakness then the US dollar will likely extend its falls as investors push out expectations about a potential rate rise further out. Already, a July rate hike is looking increasingly unlikely with ... (full story)