 The Bank of Japan left its 0.5 yield cap in place at yesterdays meeting after hiking it in December. A move higher in it would be a tailwind for the yen. Takatoshi Ito is a professor at Columbia University and a longtime associate of BOJ Governor Haruhiko Kuroda. Ito is in the running to become the new head of the Bank when Kurodas term, and those of his deputies, expire on April 8. BOJs next step may be to widen band around its 10-year yield target, could raise yield... 