Kay Van-Petersen, macro strategist at Saxo Capital Markets in APAC, considers the impact of the Bank of Japan and FOMC meetings on USDJPY.

He says that the BoJ is divided on its action and its meeting could either be a damp squib or the central bank could cut interest rates by 20-30 basis points.

Van-Petersen also discusses where USDJPY could move and asks how helicopter money, if introduced, would be structured.