Reuters reported that, following this month's Bank of Japan meeting, the Bank is likely to leave its policy rate unchanged. It was also reported that the Bank could raise its inflation outlook in its Outlook for Economic Activity and Prices report, while USD/JPY showed a limited reaction.
Reuters reported, citing information from multiple sources familiar with the matter, that the Bank of Japan is likely to leave its policy rate unchanged at this month's Monetary Policy Meeting, and also mentioned the possibility of an upward revision to its inflation outlook in the Outlook for Economic Activity and Prices report.
The decision to leave rates unchanged was reportedly almost fully anticipated, and USD/JPY showed no major reaction to the news at the time of reporting.