BoJ’s decision to hike rates and end the era of negative interest rates was not a surprise. Indications of a go-slow approach make this a dovish hike and the JPY has responded accordingly.’
USDJPY targeting 150.85 if it can stay above 150.24-50, with a stronger risk if above 150.57.
If I was in the BoJ’s shoes I would be lurking above 150.50 but only to smooth the move and prevent a full rout by defending 150.85(?).