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Bank of Japan meet Friday. BNP is expecting the BOJ to widen YCC to +/- 100 bps (from 50)

Bank of Japan meet Friday. BNP is expecting the BOJ to widen YCC to +/- 100 bps (from 50)
BNPP forecasts a move from the Bank of Japan (BoJ) to adjust the Yield Curve Control (YCC) range for the 10-year rate to ±1% in its 27-28 July meeting. While the BoJ might present this decision as a measure to manage risks related to financial intermediation and not as a sign of monetary tightening, BNPP identifies other influencing factors. Key Points: 1. YCC Band Adjustment: BNPP anticipates the BoJ will increase the YCC range for the 10-year rate to ±1% in its imminent meeting. 2. Boys just... Read More
Posted: Jul 27 2023, 00:58
Author Name: forexlive
Views: 080827

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