Limited reaction in the JPY on BOJ, not surprising - Nomura

Analysts at Nomura are out with their afterthoughts on the BOJ’s steady policy decision, highlighting the following:

No change in policy by the BoJ, as expected. 7-2 majority vote is as per recent meetings.

The BoJ reaffirmed its yield curve control policy and maintained the wording "an annual pace of increase in the amount outstanding of its JGB holdings of about 80 trillion yen".

Limited reaction in the JPY, not surprising based on the low level of market 
expectations ahead of the meeting. Governor Kuroda's press conference is now the focus (0630GMT).

We are expecting Kuroda to maintain a cautious stance, particularly in response to any questions about a potential exit strategy that has been suggested by some in the media.