View full page at forexfactory.com

 

BOJ's policy tweak could lead to stronger yen

From www3.nhk.or.jp

{video} The Bank of Japan's new stance of using greater flexibility in its "yield-curve control policy" has analysts wondering if the shift will help stem a decline in the yen's value. The BOJ will continue to allow yields on 10-year Japanese government bonds to fluctuate in a range of around plus and minus half a percentage point from a target level of zero percent. But the bank's policy announcement on Friday said it is now viewing those boundaries as references, rather than rigid limits. The BOJ added that it will offer to purchase the bonds at 1 percent in fixed rate operations, compared to half a percent ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis