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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.
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