Goldman Sachs: BOJ meeting expectations and the impact on USD/JPY ...Middle East

Two big Japan events are forthcoming this week: the October Bank of Japan (BoJ) meeting and the Ministry of Finance’s (MoF) official intervention data release for October. Goldman Sachs predicts that the BoJ will maintain its policy in Tuesday's meeting, albeit with probable adjustments to their core Consumer Price Index (CPI) forecasts. Even if there's a potential adjustment to the current rate cap or an unforeseen conclusion to the Yield Curve Control (YCC), the possibility of a substantial reversal in USD/JPY remains low in their estimation.Key Points:USD/JPY Movement:Following a period of relative stability, USD/JPY has surged beyond the 150 mark. This movement comes just before two pivo

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