xtreamforex Posted December 23, 2022 Author Share Posted December 23, 2022 Japanese Yen Steady Ahead of CPI The Japanese yen has edged higher on Thursday. In the European session, USD/JPY is trading at 132.09, down 0.27%. The dust has settled after Tuesday’s dramatic events, when the yen shot up 3.7%. This followed the Bank of Japan’s shocking announcement that it would widen its yield curve control on 10 year bonds from 25 bp to 50 bp. The markets were completely blindsided, which could very well be what Bank of Japan was hoping for. The markets hadn’t expected any policy moves until after Boj Governor Kuroda ends his term in April, but now there is talk of major policy moves before then, such as raising interest rates out of negative territory. The BoJ released minutes yesterday, but these are minutes of November meeting.Read More : Daily & Weekly Analysis On Xtreamforex Link to comment Share on other sites More sharing options...
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