The Bank of Japan could influence buyer demand for the USD/JPY on Thursday, June 20. Speculation about a July interest rate hike could push the USD/JPY lower towards the 155 level. Recent economic indicators supported the BoJ decision to leave interest rates unchanged on June 14. However, the lack of commitment to hiking interest rates in the near term has dampened buyer appetite for the Japanese Yen. With the USD/JPY hovering at the 158 border, BoJ and Japanese government concerns about the effects of a weaker Yen on the economy may intensify. A weaker Yen may increase import costs, impacting consumer prices, ... (full story)