The Bank of Japan (BoJ) has delivered what was almost universally described in the financial press as a “shock” to global markets with its decision on Tuesday to relax its so-called yield curve control (YCC) policy.
The Bank of Japan (BoJ) has delivered what was almost universally described in the financial press as a “shock” to global markets with its decision on Tuesday to relax its so-called yield curve control (YCC) policy.
@acemaxxanalytics Interesting that the markets are already shocked by such minimal changes. It is not even a real rate hike, but simply a wider corridor #Japan #BoJ
NHK: 日銀 長期金利の変動幅拡大へ プラスマイナス0.5%程度に(12:07)
Bank of Japan to expand its tolerance for long-term interest rate fluctuations to plus or minus 0.5%
(Update: NHK World has translated this as "The Bank of Japan has decided to adjust its yield on 10-year JGBs from a range of +/- 0.25% to a range of +/- 0.5%")
#JGB #interestrates #BOJ #Japan #News
Bank of Japan Intervenes in Foreign Exchange Markets After Yen Slips to 24-Year Low
https://news.bitcoin.com/bank-of-japan-intervenes-in-foreign-exchange-markets-after-yen-slips-to-24-year-low/
#ForeignExchangeMarkets #benchmarkinterestrate #Buy-Sideforexmarkets #fallingcurrency #SteveGoldstein #MichaelHewson #fiatcurrency #intervention #BankofJapan #Japaneseyen #24-yearlow #Economics #Greenback #USdollars #Buy-Side #lowrates #USdollar #Dollars #Dollar #forex #1998 #BOJ #USD
#ForeignExchangeMarkets #benchmarkinterestrate #buy #fallingcurrency #SteveGoldstein #MichaelHewson #fiatCurrency #intervention #BankofJapan #japaneseyen #economics #Greenback #USdollars #lowrates #USDollar #Dollars #DOLLAR #forex #BOJ #USD