Reuters have a piece posted that is a pretty good run down if you want another preview.
Earlier:
Bank of America expect a Bank of Japan rate hike today … see USD/JPY to (eventually) 145Bank of Japan Decision Day: Will Rates Rise or Hold Steady?
Overnight was leaky:
BOJ to discuss hike to 0.25% – reportAnother Bank of Japan leak says 0.25% is under considerationNikkei reiterates the worst kept secret. BOJ considering hike to 0.25%Forexlive Americas FX news wrap: Bank of Japan leaks the possibilty of 15 bps hike
The Bank of Japan will detail plans to taper its huge Japanese Government Bond buying today.
will likely halve monthly bond buying in 1-1/2 to two years’ time – a pace roughly in line with broad market forecasts
They’ll also be debating whether to raise interest rates. See those posts on the leak above. Talking about hiking is not necessarily the same as hiking, of course.
Not everyone agrees there will be a hike. This is from before those leaks above:
5 reasons the Bank of Japan should be wary of hiking rates this weekMUFG worry that lack of BoJ guidance on this week’s meeting means no rate hike until Dec
Bank of Japan Governor Ueda will hold his press conference at 0630 GMT
This article was written by Eamonn Sheridan at www.forexlive.com.
