Longer- Term Yields Soared as BOJ Trimmed Purchases

Posted January 10th, 2018 by CoraGrassi2268 and filed in General News

Japanese yen jumped after the BOJ decided to trim its purchase of very long-term (10-25years and over 25 years) JGBs. The surprising move was interpreted by many as the central bank’s policy to reduce stimulus. USDJPY slipped -0.42% while EURJPY was down -0.65% on Tuesday. Japanese longer- dated 20- and 40-year bond yields rose to their highest in a month. Longer- term US Treasuries were also affected by BOJ’s move with 10-year yields gaining +6 points to 2.546%.

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Longer- Term Yields Soared as BOJ Trimmed Purchases

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