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10-year JGB yields jump to its highest levels since 2014
Yields are now hitting 0.57% and this will start to test the mettle of the BOJ in how they will be conducting their "new" policy. They mentioned that the 0.50% allowance from zero is no longer a "rigid limit" but more so of a "reference", with the hard line being drawn at the 1.00% mark.However, they did mention that in between those levels, they will be "nimbly" conducting market operations to manage yields.I would take that as an interpretation that if they do see unwarranted or unwanted spike...
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Posted: Jul 28 2023, 04:15
Author Name: forexlive
Views: 112412