USD/JPY: all about the BoJ; Will they or won't they? - FXStreet

Valeria Bednarik, chief analyst at FXStreet explained that the USD/JPY pair saw little action last week closing it flat around 102.30, as investors turned cautious ahead of the upcoming BOJ and FED's meeting, both taking place next September 21st.

Key Quotes:

"There were plenty of rumors over the last few days over what the Bank of Japan will do,  from cutting its rates into negative territory, to shifting the focus of its bond-buying program to shorter-term bonds to offset downward pressure on longer-term yields, generating high expectations among investors."

"Still, the Central Bank may refrain from acting this month, which may result in a sharp appreciation of the Japanese currency. The decision will be announced some 12 hours after the US Federal Reserve makes its own."