This nice policy analyzer from John Kicklighter of Dailyfx Research explains a lot to understand, which policy adaptation might lead to which outcome. From the "Neutral" point as move more towards left the policy becomes more dovish and financial market reactions become more extreme. And on the right, we have the hawkish ones.
Today's BoJ action was somewhere between dovish guidance and rate cut, while the market was expecting just short of "Helicopter Money". Hence, the reaction on the yen, which is currently at 102.8 per dollar.


RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal
RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist
Fed Confirms Rate Meeting Schedule Despite Severe Winter Storm in Washington D.C.
BOJ Policymakers Warn Weak Yen Could Fuel Inflation Risks and Delay Rate Action
Bank of England Expected to Hold Interest Rates at 3.75% as Inflation Remains Elevated




