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The yield on the 10 year Japanese Govmnt Bond has risen above the BOJ's tolerance band top

The yield on the 10 year Japanese Government Bond has hit 0.505%.Above the 0.5% top of the Bank of Japan tolerance band (zero % +/- 50bps)highest since March 3USD/JPY is dropping as speculation continues there will be a Bank of Japan YCC tweak today, along the line suggested by BNP:Bank of Japan meet Friday. BNP is expecting the BOJ to widen YCC to +/- 100 bps (from 50)Tokyo area inflation data, just out, is still hot:Tokyo July CPI data comes in way above the 2% BOJ target rate. Again... Read More

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Content Topics

Yield

Year

Japanese

Govmnt

Bond

Risen

Above

Boj

Tolerance

Forex

Posted: Jul 27 2023, 23:47

Author Name: forexlive

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