The Japanese Yen (JPY) remains on the defensive against its American counterpart during the Asian session on Wednesday, though it lacks bearish conviction amid expectations of more interest rate hikes by the Bank of Japan (BoJ).The Japanese Yen (JPY) remains on the defensive against its American counterpart during the Asian session on Wednesday, though it lacks bearish conviction amid expectations of more interest rate hikes by the Bank of Japan (BoJ). The Japanese Yen (JPY) remains on the defensive against its American counterpart during the Asian session on Wednesday, though it lacks bearish conviction amid expectations of more interest rate hikes by the Bank of Japan (BoJ). Read More FXStreet Forex & Commodities News