Bank of Japan preview – DB says YCC tweak a 40% probability

<p>Deutsche Bank on the Bank of Japan meeting coming up today:</p><ul><li>We see some policy revision as a circa 40% probability event but continue to expect no change in monetary stance as the baseline. </li><li>For the Outlook Report, we expect the BoJ to increase the inflation outlook for FY2023 but lower it for FY 2024, continuing to emphasise downside risks, but with no changes to the growth outlook.</li></ul><p>Earlier:</p><ul><li><a href="https://www.forexlive.com/centralbank/bank-of-japan-monetary-policy-meeting-preview-ycc-tweak-or-not-is-the-question-20230727/" target="_self" rel="follow">Bank of Japan monetary policy meeting preview – YCC tweak or not is the question</a></li><li><a href="https://www.forexlive.com/news/economic-calendar-in-asia-boj-policy-tweak-day-maybe-tokyo-cpi-data-before-that-20230727/" target="_self" rel="follow">Economic calendar in Asia – BOJ policy tweak day! (maybe). Tokyo CPI data before that.</a></li></ul><p>USD/JPY is on a wild ride already:</p>

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