Reuters: Japan's yen slides broadly as BOJ policy tweak seen inadequate

"Markets are disappointed with the Bank of Japan's muddled messaging and indecisive policy direction," said Karl Schamotta, chief market strategist at Corpay in Toronto. "By moving to a reference point and failing to scrap the yield cap outright, policymakers maintained ambiguity around where and why they might intervene in bond markets, and lessened the likelihood of a wider surge in repatriation flows."

Reuters: Japan's yen slides broadly as BOJ policy tweak seen inadequate