Heading Into BOJ: Overnight Media Reports Say July Hike, While JPY Hits Markets Again

Multiple media outlets say Bank of Japan will hike policy rates to 0.25% at today's July 2024 Policy Meeting. JGB tapering in focus. USDJPY 152 in sight as MOF's new FX Meddler Mimura's tenure begins.

Thoughts and takes on media reports before BOJ - and note, this time is different with release catalyst schedules - 1) official policy statement (around noon), 2) Governor Ueda press conference (3:30PM), 3) AUGUST JGB BUYING SCHEDULE (5pm - POST-Ueda press conference, where actual imminent JGB tapering amounts, if any, will be laid out).

Press Leaks

Later…