The market has been entrenched in range-trade for such a long time that people cannot see a reason to buy dollars at the higher end of the range or sell them at the lower end.
I think the yen will continue to fall for the time being. But later next year, things will change ahead of the U.S. mid-term election.
This isn't the first time we've heard about the possibility of an end to the policy in March ... but the risks of that happening have increased a bit.