BOJ Governor Ueda Faces Communication Test and Yen Braces as He Debuts
- Investors have reduced bets on BOJ policy shift, inviting risk of shock action.
- BOJ expected to keep rates steady but may struggle to convince markets YCC tweak isn't coming.
- The BOJ meeting is the main event, with Ueda expected to maintain stimulus and dovish stance.
- Changes to controversial YCC policy may wait, but guidance could be modified.
- The yen and markets are likely to move significantly in response.