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Looking at the impact on the major JPY pairs today
The BOJ surprised the market by resetting the target rate for the 10 year up to 0.5% from 0.25%. The chart is what it looks like in the actual cash market with the yield moving toward the 0.5% level (reached 0.432%) today. That sent the 10 year yield to the highest level since midyear 2015.
In the currency market, the JPY pairs all moved sharply higher (higher JPY).
Looking at the snapshot of the USDJPY and the major crosses, the biggest mover was the AUDJPY which is down -4.22... Read More
Posted: Dec 20 2022, 20:29
Author Name: forexlive
Views: 102496
