Ayako Sera, market strategist at the bank on the Bank of Japan meeting next week

  • Says the BOJ will not ease further at the October 30 / November 1 meeting
  • But yield curve control gives the bank room to cut rates ahead of needed
  • On the yen, will peak around 106 if the Fed hikes this year
  • Further yen rally is coming though, for the next 1 or 2 years. Moderate yen appreciation, not rapid