Comments from the BOJ Governor:
– Don’t think IMF has strong concerns over China’s economy as it didn’t cut its growth forecasts for China at this time
– Won’t be surprised to see Chinese economy achieve solid growth in near term as it has room to deploy further fiscal and monetary easing
The BOJ isn’t going to surprise this month with more QE. I think the risks are to the upside for the yen (to the downside for yen crosses).