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One final surprise before Christmas from the BOJ

The BOJ adjusted its yield curve control program to now allow for 10-year bond yields to target a band in and around 0.50% (doubling the previous band of 0.25%). That's a sudden change in terms of policy as markets did not expect anything whatsoever from the central bank - not at least until Kuroda's term is up next year.

But I guess he just had to get in one last shot before he leaves for good, eh?

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Final

Surprise

Before

Christmas

From

Forex

Posted: Dec 20 2022, 05:20

Author Name: forexlive

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