BOJ reaching desperation point to try and maintain yield curve control

  • BOJ conducts consecutive, unlimited bond buying operations for the first time

The Japanese central bank says it will now conduct unlimited fixed-rate operations for 10-year JGBs from 29 to 31 March, in an attempt to cap yields at 0.25%.

I've outlined how these measures may be detrimental for the yen earlier here and that is precisely what has led to the latest spike in USD/JPY towards 123.80.

Top Brokers

Sponsored

General Risk Warning