FX Watch: AUD/JPY And CHF/JPY’s Trend Continuation Setups In Case Of A Dovish BOJ Event

The Bank of Japan (BOJ) starts its two-day meeting today!

If Japan’s recent economic data are any clue, BOJ members may have less room to maintain their hawkish biases.

But our Event Guide for the BOJ October Decision also points out that Gov. Ueda and his team can’t maintain uber-dovish biases either. Instead, we may see weaker growth and inflation projections, which could drag the Japanese yen lower against its major counterparts.