MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Japan Nov CGPI Rises 3.7% Y/Y, Import Prices Drop

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

MNI: USDA: 2024/2025 CORN PRODUCTION EST 15.14B BSL

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

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

Yen In Free Fall After BoJ Ramps Up YCC Enforcement

JPY

The yen gets battered after the BoJ reaffirmed its commitment to defend the official 0.25% cap on 10-Year yields and announced its plan to conduct unlimited fixed-rate JGB purchase operations every business day "unless it is highly likely no bids will be submitted".

  • Elsewhere, the Bank kept its main monetary policy settings unchanged despite raising its inflation outlook and pointed to the need to watch FX markets and global commodity prices.
  • USD/JPY has cleared the Y129.40/44 resistance area flagged in the earlier bullet and last deals at Y129.72, up 1.29 big figure on the day and printing multi-decade highs. The psychologically important Y130.00 figure provides the next bullish target, followed by Apr 24, 2002 high of Y130.43.
HomepageBank of Japan (BOJ) Market NewsBulletMarketsForeign Exchange Bullets

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.