The Bank of Japan (BoJ) is arranging to end the negative interest rate policy at the March 18-19 meeting, Reuters report on Thursday, citing Japanese news agency Jiji.

"The central bank will make a final decision after reviewing the preliminary survey result on this year's spring wage negotiation by labor organization Rengo due on Friday," Jiji further reported.

Market reaction

The Japanese yen gathered some strength against its major rivals following this headline. At the time of press, the USD/JPY was trading marginally lower on the day near 147.60.