Poll shows 18 out of 19 economists expect a Bank of Japan rate hike on Friday

CNBC conducted the poll, the main points:

• The Bank of Japan is expected to raise its benchmark interest rate this week by 25 basis points.
• A hike will put the BOJ’s key rate at 0.5%, its highest level since 2008.
• Public comments by Governor Kazuo Ueda and a speech by the Deputy Governor Ryozo Himino to business leaders last week have indicated BOJ’s willingness to hike rates, economists said.

More at that link.

USD/JPY update:

USD/JPY is holding well given expectations for the hike. Priced in?

This article was written by Eamonn Sheridan at www.forexlive.com.