美原糖日内下跌6.00%，现报18.82美分/磅。

The Bank of Japan is expected to hold policy at Friday’s meeting while declaring its near-14-year push to hit a 2% inflation target largely successful and flagging upside inflation risk, keeping the option of a December rate hike open. Officials are likely to avoid firm guidance on timing or pace, preferring a gradual tightening to balance inflation overshoot risk against the danger of disrupting strained markets, according to people familiar with BOJ thinking. The BOJ may nudge up next fiscal year’s inflation forecast in its quarterly report and signal that underlying inflation is roughly at the 2% target. Policymakers will weigh incoming data and market moves when deciding between a December or January rate increase. Mitsubishi UFJ Morgan Stanley Securities’ chief fixed-income strategist Naomi Muguruma called the moment pivotal, saying the BOJ must both press the accelerator and apply the brakes.

Shanghai Gold Exchange Gold T+D fell 0.59% at the start of the Oct. 26 night session to 859.9 yuan/gram; Silver T+D rose 0.22% to 13,045 yuan/kg.