USD/JPY fell sharply on Thursday. As economists at Rabobank expect the Bank of Jpan to tweak YCC again, the Yen is set to thrive.

Will they, won't they?

“While the doves may require a lot of convincing, ahead of the December BoJ policy meeting which brough a tweak to the YCC policy, speculation for a change appeared to already have found some support.” 

“No change in policy this month would be a set back for the JPY. However, we would look to buy the JPY vs. the USD on dips on anticipation of another move in YCC in the spring.”