• The Bank of Japan increased bonds purchases which led to a USD / JPY rally

Noticias del mercado

27 enero 2017

The Bank of Japan increased bonds purchases which led to a USD / JPY rally

This morning, the Bank of Japan increased its purchases of Japanese government bonds with a maturity of 5-10 years. The Central Bank took such measures in order to curb the rise of Japanese government bond yields. After this decision the 10-year Japanese government bonds yield fell to 0.07% compared to yesterday's value of 0.09% (the highest level since December 16).

USD / JPY rose, breaking the psychological level of Y115.00, and continues to trade around this level.

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