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.


Global Central Banks Hold Rates Amid Iran War-Driven Energy Price Surge
China Holds Benchmark Loan Prime Rate Steady for Tenth Consecutive Month
RBA Set for Back-to-Back Rate Hikes, Westpac Forecasts
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Bank of Japan Holds Rates Steady Amid Iran War Inflation Fears
J.P. Morgan Now Expects Two ECB Rate Hikes Amid Inflation Pressures
Bank of Japan Officials Signal Continued Interest Rate Hikes Amid Inflation Concerns
Paraguay Central Bank Holds Interest Rate at 5.5% Amid Slowing Growth
Fed Rate Cut Hopes Fade as Oil Prices Stoke Inflation Fears




