USD/JPY around 145 could be the trigger for Bank of Japan policy change

<p>UBS SuMi TRUST Wealth Management in Japan with comments on the yen and a likely level to watch:</p><ul><li>Any rapid yen weakening, like toward 145 (to the U.S. dollar) in the short-term, might trigger an early (policy) adjustment as the BOJ is in favour of a stable yen move in tandem with the fundamentals,</li></ul><p>On the 'early policy adjustment', SMBC Nikko Securities:</p><ul><li>we should be on guard against the scrapping of yield curve control in July when the BOJ releases its quarterly outlook report and likely revises upward its inflation forecast</li></ul><p>This is referring to the next Bank of Japan meeting, July 27 and 28, when the Bank will issue revised inflation forecasts, and speculation of a YCC policy change is tweak is igniting:</p><ul><li><a href="https://www.forexlive.com/news/cracks-have-appeared-in-the-japanese-yield-curve-control-dam-20230626/" target="_blank" rel="follow" data-article-link="true">Cracks have appeared in the Japanese yield curve control dam</a></li></ul><p>Gonna be fireworks either way at this July meeting coming. </p>

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