Will BOJ Tweak Yield Control This Month?

The transcript discusses the dynamics of the yen's momentum, influenced by dollar weakness and potential changes in Japan's yield curve control. A local media report suggests the Bank of Japan (BOJ) might revise its inflation forecast above 2%, sparking market excitement. Traders speculate on a shift in the yield curve pivot point from the 10-year to the 5-year sector, leading to significant market movements. The yen is performing well, and Japanese bonds are experiencing sell-offs, indicating traders' anticipation of policy changes by the BOJ at the end of the month.

What changes are traders anticipating regarding the yield curve control?

What is the significance of the trading activity leading up to July 28th according to the discussion?