19 days ago • Posted by Ajmir Omid
#USDJPY tumbles after #BoJ news #fx #trading
The Japanese yen strengthened against major peers after news that the BOJ is set to direct efforts toward reducing the negative impacts of the bank's ultra-accommodative policy. In December, the BoJ modified its yield curve control policy, allowing the 10y bond yield to increase from 0.25% to 0.50%. More weakness could be ahead, in particular, if inflation misses estimates.