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.


Kazakhstan Central Bank Holds Interest Rate at 18% as Inflation Pressures Persist
BOJ Governor Ueda Meets Key Ministers as Markets Eye Policy Shifts Under New Leadership
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens
BOJ Seen Moving Toward December Rate Hike as Yen Slides
Fed Rate Cut Odds Rise as December Decision Looks Increasingly Divided
Bank of Korea Holds Interest Rates Steady as Weak Won Limits Policy Flexibility
Brazil Central Bank Plans $2 Billion Dollar Auctions to Support FX Liquidity




