No change expected at the Bank of Japan policy meeting today: "I don't think it is live"

<p>Comments via Reuters from Carol Kong, currency strategist at Commonwealth Bank of Australia, on the BOJ meeting:</p><ul><li>"I don't think it is live," </li><li>
"I think the earthquake in Japan… really shifted market expectations toward the BOJ not normalising policy any time soon.
</li><li>
"So I don't think today is going to bring any surprises in terms of the interest rate and (yield curve control) policy."
</li><li>"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%," </li><li>

"What that number prints will signal a lot about whether or not the BOJ sees the lift in inflation being sustainable."</li></ul><p>I posted earlier on the Outlook report:</p><ul><li><a href="https://www.forexlive.com/centralbank/bank-of-japan-to-revise-price-outlook-for-fiscal-2025-20240122/" target="_self">Bank of Japan to revise price outlook for fiscal 2025</a></li></ul><p>Other previews:</p><ul><li><a href="https://www.forexlive.com/centralbank/economic-calendar-in-asia-tuesday-23-january-2024-bank-of-japan-policy-statement-due-20240122/" target="_self">Economic calendar in Asia – Tuesday, 23 January 2024 – Bank of Japan policy statement due</a></li><li><a href="https://www.forexlive.com/centralbank/bank-of-japan-preview-traders-will-focus-on-governor-uedas-following-press-conference-20240122/" target="_self">Bank of Japan preview – traders will focus on Governor Ueda's following press conference</a></li></ul><ul><li><a href="https://www.forexlive.com/centralbank/credit-agricole-see-the-potential-for-yen-volatility-surrounding-the-bank-of-japan-today-20240123/" target="_blank" rel="follow" data-article-link="true">Credit Agricole see the potential for yen volatility surrounding the Bank of Japan today</a></li></ul><p>–</p><p>USD/JPY update:</p>

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