*3) BoJ likely to lower rate hike expectations* Tuesday, early in the Asian session. The Bank of Japan (BoJ) has been touting further interest rate hikes for long months, but there is less justification for such moves now. While rising rice prices have grabbed headlines, other costs have remained tame in recent months. The BoJ has raised rates three times in the current cycle, lifting them from a negative -0.10% to capping them at 0.50% in its latest hike in January. BoJ Governor Kazuo Ueda and his colleagues are likely to leave interest rates unchanged at this juncture, and could signal that another hike is unlikely anytime soon. The Japanese Yen (JPY) is off the highs it reached in April and could succumb to further pressure. JPY📉