 Société Générale have placed probabilities on 3 scenarios they outline from the Bank of Japan statement due Wednesday 18 January 2023.SG say their main scenario, at a 50 probability is for the BOJ to make no change to the Yield Curve Control YCC policy at this meeting.However, this risk of some change has risen quickly. SG, like us all, eyeing rising Japanese CPI and the sustained selling of JGBs that are forcing yields to rise and the BOJ to intervene to hold YCC targets... 