With SocGen and Goldman expecting nothing, but many others desperately hoping for more (2Y pricing in moar negative rates), tonight’s Japanese trade deficit disappointment (11th monthly decline in a row) did nothing to help the chaos… and The BoJ waited the longest since 2014 to release its statement. Markets did their usual turmoiling bit with JPY dropping and Nikkei rallying from 2300ET… (on no news whatsoever) before the big decision was unveiled.