WSJ citing people familiar with the BOJ's thinking

  • BOJ considering how best to communicate any possible changes
  • Market overreacted to the change (referring to the "taper" two weeks ago), which wasn't meant to signal any broader policy shift
  • Likely to maintain its major policy rates in next week's meeting

Some comments by the WSJ on the BOJ, as they speak with "people familiar with the BOJ's thinking". The full story is here (may be gated) - though doesn't say much apart from the above.

USD/JPY fell a little after the headlines to a low 110.58.

The Bank of Japan meets next week on 22-23 January, with 23 January being the date they release their decision and statement. No changes are expected to policies from the meeting.