BoJ’s Ueda pledges action against sharp JGB yield rise, Yen tumbles

Yen pulled back sharply from its recent rally, along with steep fall in 10-year JGB yield from its 15-year high. The move came after BoJ Governor Kazuo Ueda reminded markets of the central bank’s commitment to curbing excessive yield volatility. In parliamentary comments, Ueda stated, “We expect long-term interest rates to fluctuate to some extent.” […]

The post BoJ’s Ueda pledges action against sharp JGB yield rise, Yen tumbles appeared first on Action Forex.