US NOV FLASH MANUF PMI 48.8 (FCST: 48.9); OCT 48.5

MNI:Largest Canada New Home Price Dip Since `09 Led By Toronto

CANADIAN OCT FLASH RETAIL SALES +0.7%, 4TH STRAIGHT INCREASE

MNI China Daily Summary: Friday, November 22

MNI: PBOC Net Drains CNY345.9 Bln via OMO Friday

MNI BRIEF: Fed Should Explore Central Clearing At SRF-Hammack

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

EZ/UK Bond Supply Calendar: Gilt Syndi; IT, EU Due Monday

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL NOV INDEX 71.8

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

JPY Offered and JGBs Weaken as BoJ Said to Wait for YCC Decision

BOJ
  • USD/JPY firms around 15-20 pips, as JGBs drop 20 ticks or so on the back of a Bloomberg report citing sources in reporting that the BoJ are said to be waiting until the last minute, watching global yield curves in any decision to tweak yield curve control due to concerns over US yields. The report adds that the BoJ see little need to change forward guidance at this stage.
  • Speculation of a potential tweak at the upcoming meeting on Oct31 has ramped up in recent days/weeks, given expectations for inflation projection alterations and broader market moves in wider core global FI markets.
  • The report follows a similar piece in the Nikkei over the weekend that cited discussions in the BoJ to tweak YCC as long-term Japanese rates are rising in tandem with those in the US. A similar piece had already been reported in Reuters also, who wrote yesterday that "Rising yields may pressure BOJ to consider raising newly set cap": https://www.reuters.com/markets/rates-bonds/rising...
Homepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange BulletsBank of Japan (BOJ) Market News
Homepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange BulletsBank of Japan (BOJ) Market News

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.