USDJPY Chart: Yen slumped over 2%

*The Yen slumped over 2% after the BoJ kept their yield-curve control policy unchanged*

The USD/JPY currency pair is now above the 131 level and has gained more than 2%. This comes amidst speculation for further tweaks to the yield-curve control following the BoJ's december move to double the 10-year yield ceiling to 0.5% fueled a selloff in bonds. We may see the currency pair test the 132 level. All eyes will be on Kuroda's press conference at 2:30pm Singapore Time later today.