Adding to the bid in USD/JPY is a think tank report which contends (as do most market observers) that the BOJ will do more quantitative ease after they see what the Fed does on Wednesday afternoon. You’ll remember that the BOJ announced last week that they were moving their policy meeting forward to apparently respond to the Fed’s move…
USD/JPY has firmed to 80.55, with hopes for a less aggressive Fed. Offers are seen at 80.80.
