USD/JPY testing towards 149.00 as BOJ and Fed day repercussions continue

The Bank of Japan hiked yesterday:

• ForexLive European FX news wrap: Yen surges as BOJ hikes policy rate to 0.25%

And the Federal Reserve gave hints a rate cut was coming in September:

• Forexlive Americas FX news wrap: What a day, it had everything

USD/JPY tumbled (it did so prior to the BoJ on the leak from NHK:

• Forexlive Americas FX news wrap: Bank of Japan leaks the possibilty of 15 bps hike)

USD/JPY has continued to drop:

Any rallies will likely be sold into