Its BOJ day - here is a preview (on hold expected)

I posted a few on what to expect for the Bank of Japan July monetary policy announcement yesterday:

• BOJ meeting concludes tomorrow - 'Is the BOJ about to shock markets anew?'
• BOJ meeting concludes tomorrow - preview
• BOJ meeting begins today, concludes tomorrow - Goldman Sachs preview

Greg posted this a little while ago also:

• Do the JPY shorts get squeezed or do they get a reprieve?

And, this is

• When to expect the announcement

OK. without any further ado ... previews from ...

HSBC on the no change decision and a continuation of the Bank of Japan's JGB buying operation for YCC:

• Recently, the BoJ has said it would buy an unlimited amount of bonds, in an effort to cap the domestic interest rates. With this announcement, the BoJ reaffirmed its accommodative stance and its commitment to the yield curve control policy.
• The Japanese central bank intervened in the JGB market to show its commitment to its yield curve control target of 0% on the 10y bond. The focus of policy will continue to shift towards the level of yields from the amount of purchases, as JGBs outside the BoJ continue to shrink.
• Therefore, the BoJ is likely to maintain its policy stance with inflation well short of the Bank's target and little sign of acceleration.

Barclays on what to expect with the BOJ's economic outlook upgrade:

• We expect policy to remain intact
• And look for revisions upward to FY17 real GDP growth forecasts and downward to core CPI inflation projections in the quarterly Outlook Report