Bank of Japan Eyes Further Rate Hikes Amid Middle East Tensions and Inflation Pressures 
Citigroup Delays Fed Rate Cut Forecast Amid Strong Jobs Data and Inflation Concerns 
Indian Cotton Yarn Exports Surge as China Demand Rises Amid Global Supply Disruptions 
New Zealand Labour Backs India Free Trade Deal, Boosting Chances of Parliamentary Approval 
Asian Stocks Mixed as Tech Shares Decline While Japan’s Nikkei Hits Record High 
RBNZ Holds Rates at 2.25% as Middle East Conflict Fuels Inflation Concerns 
New Zealand Economy Faces Short-Term Pressure but Recovery Remains on Track 
U.S. Freezes Dollar Transfers to Iraq, Pressures Government Over Iran-Backed Militias 
The Bank of Japan (BoJ) is expected to maintain its 'QQE with yield curve control' policy unchanged at the next monetary policy meeting ending on Tuesday, January 23. Governor Kuroda is further, likely to downplay the significance of daily market operations and repeat BoJ's commitment to the current yield curve control.
"We expect the BoJ to keep its policy unchanged in 2018, assuming Kuroda is reappointed when his term ends in April. We expect BoJ QE exit concerns and uncertainty about the future BoJ leadership to weigh on USD/JPY and we have lowered our 1M target to 112 (113)," Danske Bank commented in its latest research report.
Meanwhile, over the medium term, USD/JPY is seen to trade mostly sideways within the 110-114.50 range, targeting 113 in 3M, the report added.
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