After a meeting early this morning, they have not taken any decision even though the market was waiting to extend the terms of the loans at 0.1%, in order to calm the extreme volatility that is still produced in the bond market and threatens to cause damage to the income statement of banks.
The Nikkei has reacted to the floor and again we see that some yen short positions are sold.
If no immediate reaction and if, as presumably occur, bonds are still being sold, it will result in the opposite effect to that intended by the BOJ: the currency will be strengthened and the main crosses against the yen will remain under pressure in the near future.
EURJPY chart:
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