FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 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.