It’s Tankan day.
The Bank of Japan’s quarterly survey of business conditions in the second quarter is due to at 2350 GMT. The measure is a key barometer of economic health and could cause Kuroda to re-think whether he will ease more this year. At the moment, the BOJ is expected to remain on the sidelines but a sour mood from manufacturers or weak capex could raise fresh worries.
The bigger risk is a strong report as businesses brush aside the consumption tax increase. USD/JPY has been under pressure for the past week and better sentiment could kill the chance of more easing and send USD/JPY toward 100.00.
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