Futures are up a few points…
…while, USDJPY is going sideways.
The latest out of Japan is the BOJ deciding to hold easing at current levels (60-70 trillion yen or $590-690 billion.) This surprised many, given that exports have fallen off a cliff on the eve of a 60% consumption tax increase (from 5 to 8% on Apr 1.)
For more on the importance of this development, please see: Sayonara Abenomics.