USD/JPY Short-Term Recovery to Gain on Upbeat US Data, Hawkish Fed

The key developments coming out of the U.S. economy may drive USD/JPY higher next week as Federal Reserve officials talk up bets for a 2016 rate-hike, while the Bank of Japan (BoJ) remains under pressure to further embark on its easing cycle as the central bank prepares its ‘comprehensive assessment’ of the economy.