Forex Flash: BoJ to positively surprise the market? - Societe Generale

The BoJ is expected to stay on hold "after disappointing the market somewhat the last time around" says Sebastien Galy, currency strategist at Societe Generale, adding that "it is only in April with the new incoming leadership that a significant step is expected."

Sebastien adds: "This leaves the risks that the BoJ actually does positively surprise the market. Nonetheless, it may be more prudent to wait and buy USD/JPY on the 90 handle, as the risk trade is somewhat stretched."