Morten Helt at Danske says the BOJ will tinker around the edges pf their policy
Assessment to focus on factors that have hampered achievement if the BOJ's inflation target
Does not expect BOJ to ease policy as such
Expects Bank to adjust policy framework by abandoning a calendar based communications
Will keep rates unchanged but keep the door open for additional cuts
Will adopt a more flexible approach to QE target for annual increases in the balance of JGB purchases
"In our main scenario, we think that the BoJ will disappoint relative to market pricing, suggesting that USD/JPY is likely to trade lower on the announcement and temporarily fall back for a new test of the 100 level."
Depending on where we are by the BOJ next week, the 100 level could be called into play, and for the FOMC as well of course. If we are still around the 102 area. It could very well be a good level to think about trading as we know it's been strong before. We'll have to judge the news at the time before making any concrete plans though.