USD/JPY bears jumped in on a Nikkei news article ahead of the Bank of Japan's meeting on Friday that took USD/JPY down from 141.10 to a low of 139.20 in a flash. The Nikkei reported, '' The Bank of Japan will discuss tweaking its yield curve control policy at a policy board meeting Friday to let long-term interest rates rise beyond its cap of 0.5% by a certain degree, Nikkei has learned, in what would be a shift toward a more flexible policy approach.''

This has flipped sentiment around that had otherwise been expecting a non-event in Friday's meeting considering it was only recently that the BOJ Governor Ueda said there was "still some distance to sustainably achieve 2% inflation target" and that unless their assumptions on the need to sustainably achieve 2% target change the BoJ's "narrative on monetary policy won't change