BOJ likely to cut fiscal year core CPI forecast to below 1%

So says Reuters citing sources close to the central bank

• core CPI forecast likely to be cut from 1.4% to possibly below 1%
• likely to largely maintain its 2017/18 fiscal year core forecast at 1.8%

Reality check coming from the BOJ it would appear but no real surprise.

USDJPY unfazed at 116.76 but the noises may have helped the earlier rally above 116.80 from 116.41