UBS analysts caution against getting too excited about the Bank of Japan doing anything

<p>The bottom line of the assessment from UBS on the Bank of Japan policy meeting and lack of change is spot on, analysts saying its not a smart move to get too excited about the Bank of Japan taking action. </p><p>After two years of teasing from the BOJ one can only concur. </p><p>UBS says the BOJ was 'masterfully inactive' on policy on Tuesday. But, they add, a change to the bank's Yield Curve Control (YCC) is possible in Q1 of 2024, but only if higher wages come to fruition to support such a move. </p><p>***</p><p>ICYM all the (in)action yesterday from the Bank:</p><ul><li><a href="https://www.forexlive.com/news/forexlive-asia-pacific-fx-news-wrap-boj-policy-left-unchanged-jpy-weakened-20231219/" target="_blank" data-article-link="true">ForexLive Asia-Pacific FX news wrap: BOJ policy left unchanged, JPY weakened</a></li><li><a href="https://www.forexlive.com/news/forexlive-european-fx-news-wrap-yen-extends-post-boj-fall-dollar-lower-alongside-yields-20231219/" target="_blank" data-article-link="true">ForexLive European FX news wrap: Yen extends post-BOJ fall, dollar lower alongside yields</a></li></ul><p>At least the yen didn't let us down:</p>

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