This came after the Bank of Japan decided to modify its yield curve control policy in such a way that it allowed 10-year yields to move 50 basis points to either side of its 0% target, a wider band. than the previous one, of 25 basic points.
What’s next for the yen and the dollar
The rise was a sign that traders expect the bank of japan further strengthen your monetary politics in upcoming meetings, according to Derek Halpenny, head of research at Japan’s MUFG bank.
The news comes in a context in which the dollar index (which measures the performance of the dollar against a basket of six currencies) has fallen about 9% since it reached its highest level in 20 years in September and many analysts They expect the US currency to continue weakening next year as inflation cools and the Federal Reserve’s rate hikes end.
Source: Ambito
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