Bank of Japan (BoJ) surprised the market this morning by raising the upper band on its yield curve control (YCC) policy from 0.25% to 0.50%. Bond yields in Japan rose on the news with spillover to global bond markets and the Danish callable bond market. USD/JPY dropped to 132 on the move. We expect a […]
The post BoJ Tweaks YCC – Global Bond Market Takes a Hit appeared first on Action Forex.
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