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UBS on Bank of Japan Yield Curve Control - ceiling seems to be 1%

The Bank of Japan maintained its +/- 50bp tolerance band for the 10 year JGB at Friday's meeting.The 'but' on this is the Bank said it wanted the YCC policy to be more flexible. This the +/- 0.5% tolerance band is now a 'reference', not a hard limit. . , and said those would be "references" rather than "rigid limits". And that it'd allowed the band to move to 1%. Which left a lot of traders confused. It appears that +/- 1% is now the hard limit, but time will tell. UBS are confused, like many... Read More

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Bank

Japan

Yield

Curve

Control

Ceiling

Seems

Forex

Posted: Jul 31 2023, 00:53

Author Name: forexlive

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