"I would not expect them to close the door on a September rate hike because its data dependant and the data's been stronger than expected," Chandler said. "Expectations are strong enough that if they don't do anything, the yen's going to strengthen. "The risk is that the market's disappointed in one fashion or another with the BOJ," said Marc Chandler, global head of currency strategy at Brown Brothers Harriman in New York. "That could inject extra volatility in the markets. "European bank stress tests on Friday also will be a focus, with investors concerned about potential capital shortfalls at Italian and Portuguese banks.Shares of Italian lender Monte Paschi were suspended on Monday after falling more than 5 percent in early trading.

Source: Economic Times July 25, 2016 14:03 UTC