• Bank of Japan maintains -0.1 pct negative interest rate in line with forecasts and keeps monetary policy base unchanged at 80 trl yen.
   
• The central bank decides to modify its policy framework, to abandon monetary base target, adopts QQE with yield curve control.
   
• USD/JPY volatile after BoJ rate decision, witnessed wild swings, slipped to lows of 101 and then popped to test 50-DMA at 102.60.
   
• Clear break above 50-DMA at 102.60 to see upside upto 103.19 (23.6% Fib) and then 103.35 (Sept 14 high).
   
• Markets assess policy decision as dovish, focus now turns towards Governor Kuroda’s presser, while markets continue to digest the latest policy decision.