According to one leading news wire the Fed might cut 0.50% next week- USD/JPY reacts

Just now the USD/JPY dropped back to trade below 140.50. The reason for that might have stemmed from a headline report form a leading news wire services; that according to their research and comments from Fed watchers (Wall Street Journal) and one Fed official, the balance has just tipped in favour of a 0.50% rate cut from the Fed next week. Apparently the odds of that happening are now said to the 51% in favour, versus 49% for a 0.25% cut. That comes from money market pricing. Well, of course it is very much in the balance, but go back a couple of weeks and it certainly was not the case. So, the USD/JPY is very reactive to such headlines and conjecture and that is why it just had a look below 140.50, if you are looking for reasons what that was. The USD/JPY is currently trading at 140.58