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Bank of America expect the BOJ to allow the 10 year JGB yield ceiling to rise to 1.5%

The summary points from BoA's Bank of Japan preview:The back-up in global rates is putting pressure on YCC once again, leaving the BoJ with a difficult choiceWhile major policy revisions are unlikely, we expect another YCC tweak with base case an increase in 10yr JGB ceiling to 1.5% Continued upward pressure on JGB yields and BoJ's continued policy intervention likely; hard for JPY to riseEarlier:At least we know what the BOJ will do today: 10 year JGB yield to be permitted above +1%ICYMI: BOJ s... Read More

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Posted: Oct 30 2023, 23:12

Author Name: forexlive

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