Goldman Sachs are still expecting the Bank of Japan will tweak YCC policy this week

Goldman Sachs are holding with their forecast that the Bank of Japan
will adjust its Yield Curve Control (YCC) at the policy meeting this week, but say
uncertainty is high.

I posted on this earlier in the month:

• Goldman Sachs do not expect near term intervention in yen – also looking for BOJ YCC tweak

GS is out on a limb with this expectation. From earlier today:

Bank of Japan meet this week, July 27-28 – no change seen to yield curve control (YCC)

And even earlier:

• October is now the month most cited as the likely timing for a BOJ policy change

• Bank of Japan Governor Ueda comments this week have watered down YCC tweak expectations

More previews

• Weekly Market Outlook (24-28 July)
• Week ahead highlights include: FOMC, US GDP, PCE; ECB, BoJ; flash PMIs

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