Reuters sources say the BOJ is expected to increase asset buying by at least 10T yen in next week’s meeting.That would be QE9 by our count.

They say the BOJ may also be considering steps such as making a stronger commitment to achieving the 1% inflation target.

Other similar BOJ reports have been floating around for the past week but this is the most explicit.

There is talk of a big option expiration today at 80.00 and there are smaller barriers every 25 pips or so. The next significant technical level is the June high at 80.57.