BOJ: Probably enough there to satisfy the Yen bears

The ‘open-ended easing’ should be broad enough to encourage the market into some more Yen selling although the lack of a timeline will worry some.

If I had been short USD/JPY heading into the BOJ, I would probably cover now and take the small loss. If I’d been long, I would probably have a trailing stops now below 89.30. Luckily I was square and I’m staying that way!