Reuters found someone at the BOJ to say they re considering a rate cut, something the Nikkei reported nearly 5 hours ago. The Bank will watch markets before making a final decision, the source says.
USD/JPY is consolidating big gains at 98.50 after reaching 98.85/90 in early Asia. the greenback has retraced more than 61.8% of its recent drop from 103.00. Next fibo is the 76.4% retracement which comes in at 100.14.
