Yen rises 0.3% vs dollar after BOJ rate decision

The size of the move is less telling than its timing: a 0.3% intraday gain immediately after the decision points to positioning around the announcement rather than a repricing of the policy path. With the rate level and the direction of the decision unspecified, the reaction is hard to read as a verdict on the BOJ's stance — it may reflect expectations heading in as much as the outcome itself. Whether the move holds through the session, or fades once the announcement is fully digested, is the open question.