We'll soon enter the BOJ release window with 10yr JGB yield once again above the ceiling

The Bank of Japan policy statement will likely be handed down in the 0230 to 0330 GMT time window (2130 - 2230 US ET).

The BOJ has no firm scheduled time for the release. That time window is based on past experience, and its not guaranteed.

The Bank has once again been bidding to buy JGBs today:

• Bank of Japan bids to buy 5-10yr to maturity JGBs unlimited amount again today

As I'm posting the yield has again poked just above the 0.5% ceiling.

And USD/JPY is off its earlier surge high:

Earlier previews of what to expect from the Bank and for the yen:

• TD say still plenty of room for yen gains, see as low as 120 by the end of March
• Bank of Japan preview - "may be on the verge of its biggest policy change in decades"
• The hyenas are circling the Bank of Japan
• 10-year JGB yields still pushing the limit for now
• The risks are skewed towards disappointment for yen bulls this week

• Goldman Sachs ask how low could USD/JPY fall if the BOJ exit YCC (spoiler, under 125.00)

• With the Bank of Japan ahead, what don't the USDJPY sellers want to see technically

• Why the best trade is to be long JPY into the BOJ - Deutsche Bank

• How much will USD/JPY move on today's Bank of Japan decision?

• Soc Gen will buy yen if the BOJ disappoints yen bulls - awaiting "attractive entry levels"

• Barclays expects further upside risks to the yen regardless of the BOJ decision today

• 3 scenarios quantified for the Bank of Japan policy decision due today

• BOJ preview - expected to stand pat