No change anticipated on the Financial institution of Japan coverage assembly right this moment: "I don't think it is live"

Feedback through Reuters from Carol Kong, forex strategist at Commonwealth Financial institution of Australia, on the BOJ assembly:

• “I don’t think it is live,”
• “I believe the earthquake in Japan… actually shifted market expectations towards the BOJ not normalising coverage any time quickly.
• “So I don’t think today is going to bring any surprises in terms of the interest rate and (yield curve control) policy.”
• “Markets will closely watch whether the BOJ will revise up the 2025 CPI forecast towards the 2% target or keep it steady at 1.7%,”

• “What that number prints will signal a lot about whether or not the BOJ sees the lift in inflation being sustainable.”

I posted earlier on the Outlook report:

• Bank of Japan to revise price outlook for fiscal 2025

Different previews:

• Economic calendar in Asia – Tuesday, 23 January 2024 – Bank of Japan policy statement due
• Bank of Japan preview – traders will focus on Governor Ueda’s following press conference

• Credit Agricole see the potential for yen volatility surrounding the Bank of Japan today

—

USD/JPY replace:

This text was written by Eamonn Sheridan at www.forexlive.com.