What a bloody song and dance the BOJ rate announcement turned out to be.
At the end of the day the BOJ did net QE increase of 5 trillion yen, some would say as expected, some at the lower end of 5-10 trillion expectations.
What is for certain is that USD/JPY sits at 80.85, all but unchanged from where North America closed out Wednesday.
The lack of bang for the 5 trillion easing is a little disconcerting for a USD/JPY bull like me.