BOJ Likely To Stand Pat; Econ Review Eyed

Forex News: BOJ board widely expected to keep rates steady at accommodative 0.50% when it wraps up 2-day meeting later, given mixed signals - weakening economic activity amid surging prices; results likely around 0330 GMT. Market especially focused on interim review of semiannual outlook report due 0600 GMT with monthly economic report; as recent data, including June Tankan, BOJ regional report show weakness in economy, analysts expect BOJ to downgrade economic forecasts made in April while acknowledging that prices are rising faster than board anticipated. Shirakawa to brief media at 0630 GMT