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Japanese Government Bond yields rising. Yield on 10 year JGB is above BOJ ceiling of 0.5%
In December the Bank of Japan raised its tolerance threshold for the 10 year Japanese Government Bond yield from 0.25% to 0.5%
Its trading above there now, 0.53%. This'll prompt BOJ intervention (to buy 10yr JGBs).
The yield on the 20 year has risen to its higher since June of 2014, circa 1.45%.
USD/JPY has dropped following the news from Japan yesterday on:
Posted: Jan 13 2023, 00:21
Author Name: forexlive
Views: 110857