No decision yet
We're in the late part of the usual window for a Bank of Japan decision.
The rule of thumb is that the longer the BOJ takes to make an announcement, the more likely they are to surprise with more easing. People have crunched the numbers and it's more than just a hunch.
Easing today from the BOJ would vault it into the #2 surprise of the year from central banks, behind the SNB.
If you're reading this, you should have your trading screen open and ready to buy USD/JPY if easing headlines hit.
It's worth taking a little punt on a USD/JPY long at this point. If they don't ease more, the downside is miniscule but if they do, the it will be a one-way trip to 130.00.
