Commenting on the Bank of Japan’s (BoJ) Tankan survey on Wednesday, Japanese Chief Cabinet Secretary Matsuno said that the “Tankan business sentiment survey shows overall corporate sector is firm.”

“I need to closely monitor downside risks including overseas economic slowdown and rising prices,” Matsuno added.

Market reaction

At the time of writing, USD/JPY is trading modestly flat at around 145.50, awaiting the Fed interest rate decision.