#communityAMA BOJ Seen Moderating Tariff Hit Assessment In Upcoming Outlook Sources say the Bank of Japan may present a less dire view of U.S. tariff fallout in its forthcoming report, reflecting resilient domestic activity and the yen’s depreciation cushion for exporters. A softer appraisal could reinforce policy patience, leaving JPY direction tethered mainly to U.S. yields and global risk appetite.