USD/JPY: Waiting On The BOJ

Overnight, equities were down across the board, on a combination of oil price rises, interest rate concerns, and tensions in the Middle East. Yesterday, light crude rose 79 cents to close at $74.95. In early U.S. trade, metals are up, most currencies are quiet, and the front-month Dollar Index is nearly flat. Today's data includes the weekly jobless claims and the Treasuries fiscal budget figures for June. In Europe, German and French inflation data was within expectations, though still likely beyond the ECB's comfort level. Most analysts, in light of the last ECB statement, are confident that early August will see a rate hike in the euro-zone. Read More....