• Yen barely moves after BOJ comments on possible rate hikes

• BOJ deputy governor Himino calls for 'timely' rate hike

• Remarks keep alive chance of September rate hike

• USD/JPY has seen a steady 159.11-159.49 range, on Thursday, EBS data shows

• Spot underpinned by a the 158.03 Fibo, expect eventual gains

• 158.03 Fibo, a 38.2% retrace of the 155.20-159.78 rise

• USD/JPY and EUR/JPY tend to move in tandem, log correlations are high above +0.5

Correlation Chart


Daily Chart


(Martin Miller is a Reuters market analyst. The views expressed are his own)