Goldman Sachs preview the Bank of Japan meeting (spoiler, no change expected)

The Bank of Japan statement is due on Thursday, 22 September 2022. there is no firmly scheduled time for the release but 0230 to 0330 GMT is a good bet.

Earlier preview:

This now via the folks at eFX.

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Goldman Sachs discusses its expectations for this week's BoJ policy meeting.

  • "We expect the BOJ to maintain the status quo across all monetary policy parameters — yield curve control (YCC), asset purchase programs, and forward guidance (with respect to policy rates) — at its September 21-22 monetary policy meeting (MPM),"
  • "We also expect the BOJ to confirm that the repeatedly extended special COVID-19 financing program will be wound down at the end of September, as scheduled," GS adds.

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USD/JPY is going to keep threatening the topside as the policy divergence between the Federal Reserve (and others) and the Bank of Japan widens.

usdyen weekly 20 September 2022

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