USDJPY was in full chaos mode ahead of tonight’s BOJ statement. With only 5 of 40 economists expecting further actions by Kuroda (and close Abe advisor Hamada suggesting “I think the BOJ wouldn’t take further action right now… probably it will be a wise decision,” The BoJ decide to stay put – holding rates flat at -10bps, holding QQE buying flat, and maintaining its ETF buying program at expected levels. The biggest surprise though was a language change suggesting the end of NIRP.