The Bank of Japan has made its interest rate decision this week, allowing more flexibility in its yield curve control policy, and shifting the language used to describe the upper bound of the 10-year Japanese government bond yield.

But it still remained to stick with its negative interest rate. 

So how did the Japanese yen react to this latest announcement?

Is the yen expected to further retreat? 

On Money in the Market, Hongbin Jeong speaks to Lim Jun Kit, Strategist at Phillip Nova, to find out more.