BoJ: Status quo maintained - BBH

Analysts at BBH note that the BOJ maintained its forecasts and policy stance, but there was a small tweak to the inflation assessment, noting that prices were skewed to the downside, and said there was no change in inflation expectations.  

Key Quotes

“Last time it said expectations were weakening.  The BOJ also reiterated that there was no policy implication to the recent tweak to its bond operations.  The dollar bounce was capped in front of yesterday's high near JPY111.20, and the yen has since recouped its losses.  There is around a $400 mln option that expires today struck at JPY111.50.  Tomorrow, there are $2+ yards struck at JPY110.00-JPY110.05 that roll off.”