BOJ Keeps Yen Watchers on Edge for Rate-Hike Clues

The upcoming Bank of Japan meeting offers scope for sharp movements in the yen as investors try to gauge the timing of its next hike — with a looming election adding to the confusion.

All 52 economists surveyed by Bloomberg see an unchanged outcome on Friday after policymakers raised their overnight interest rate last month to 0.75%, the highest in 30 years. While that move further narrowed the gap in rates with the US, it has done little to stop downward pressure on the currency.