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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