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Ahead of the next Bank of Japan (BOJ) monetary policy meeting scheduled for October 28 and 29, the central bank has arranged a meeting a week prior, i.e., on October 20 at 0830 GMT.

The meeting is likely to be centered on the bank’s ‘market operations,’ with the following tentative topics on the agenda:

  • Recent developments in the financial markets and the Bank’s market operations. 
  • Liquidity in and functioning of JGB markets.
  • The benchmark rate reform in Japan (Current progress made in market-wide initiatives.

Market reaction

The above announcement has little to no impact on the yen markets, as USD/JPY trades modestly flat at 106.15 heading into the US CPI release.