Breaking: USD/JPY rips to highest levels since 2016 on BoJ announcement By FXstreetNews Breaking USDJPY
has rallied hard in the last few moments as the Bank of Japan will offer to buy an unlimited amount of 10-year JGBs at 0.25%:The unintended consequences of the Bank of Japan ’s Yield Curve Control has become increasingly apparent this month and the yen has fallen some 7.25% vs. the greenback since the start of March.
Additionally, since the Fed began to tighten earlier this month last, the wider interest rate differential between the US and Japan has weighed on the Yen significantly. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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