Bank of Japan decision due soon – expectations have swung to a 1.5% 10 year JGB ceiling

<p>There is no firmly scheduled time for the Bank of Japan announcement and statement.</p><p>It's a good bet to expect it sometime in the 0230 to 0330 GMT time window based on past experience. </p><p>What to expect? It appears the Nikkei let the cat out of the bag overnight:</p><ul><li><a href="https://www.forexlive.com/centralbank/boj-to-consider-policy-tweak-to-allow-10-year-yields-to-exceed-1-report-20231030/" target="_blank" rel="follow" data-article-link="true">BOJ to consider policy tweak to allow 10-year yields to exceed 1% — report</a></li></ul><ul><li><a href="https://www.forexlive.com/centralbank/at-least-we-know-what-the-boj-will-do-today-10-year-jgb-yield-to-be-permitted-above-1-20231030/" target="_self">At least we know what the BOJ will do today: 10 year JGB yield to be permitted above +1%</a></li><li><a href="https://www.forexlive.com/centralbank/icymi-boj-set-to-allow-10-yr-japanese-government-bond-yields-to-rise-above-1-sources-20231030/" target="_self">ICYMI: BOJ set to allow 10-yr Japanese government bond yields to rise above 1% ('sources')</a></li></ul><p>More:</p><ul><li><a href="https://www.forexlive.com/centralbank/bank-of-america-expect-the-boj-to-allow-the-10-year-jgb-yield-ceiling-to-rise-to-15-20231030/" target="_blank" data-article-link="true">Bank of America expect the BOJ to allow the 10 year JGB yield ceiling to rise to 1.5%</a></li></ul><p>Stay tuned…</p>

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