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The hyenas are circling the Bank of Japan

The hyenas are circling the Bank of Japan

The pressure continues to ramp up ahead of Wednesday's Bank of Japan decision as sellers flood the Japanese bond market.

Last Thursday/Friday, the BOJ spent the equivalent of $72 billion (¥5 trillion on Friday alone) to defend the 0.50% ceiling on 10-year Japanese notes. Even with that, the 0.50% ceiling broke and it briefly broke again today, touching 0.52% despite another ¥1.2 trillion.

The status quo isn't going to last and there are multiple reports saying the BOJ will increas... Read More

Posted: Jan 16 2023, 18:56
Author Name: forexlive
Views: 110163

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