Breaking: USD/JPY bears firm on a strong hint that BoJ will drop 0.5% cap in 10Y JGB yields – by FXstreetNews Breaking BOJ USDJPY
article ahead of the Bank of Japan's meeting on Friday that took USD/JPY down from 141.10 to a low of 139.20 in a flash. The Nikkei reported, '' The Bank of Japan will discuss tweaking its yield curve control policy at a policy board meeting Friday to let long-term interest rates rise beyond its cap of 0.5% by a certain degree, Nikkei has learned, in what would be a shift toward a more flexible policy approach.
said there was"still some distance to sustainably achieve 2% inflation target" and that unless their assumptions on the need to sustainably achieve 2% target change the BoJ's"narrative on monetary policy won't change."USD/JPY daily chart If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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