BoJ to purchase unlimited 10yr JGBs on Feb 14th at 0.25% (#363, #364 and #365) [intervention to rein in the yield]
Via BoJ
- BoJ says it decided on fixed rate operation given recent yield moves.
- BoJ says will firmly keep policy to keep 10yr yields around 0%.
Reaction details (09:07)
- 10yr JGB yield fell from around 23bps to 21bps after coming close to the BoJ's "line in the sand" at 25bps; with the 10yr JGB Mar'22 future lifting from 150.00 to 150.30 over the course of 5-minutes
- USD/JPY saw a delayed move higher from 115.55 to 115.75 over the course of 5-minutes.
Analysis details (09:12)
- There has been speculation in the last week that the BoJ may step in to control the rising yields as the 10yr moved closer towards the 25bps cap.
10 Feb 2022 - 09:04- Forex- Source: Newswires/BoJ
Subscribe Now to Newsquawk
Click here for a 1 week free trial
Newsquawk provides audio news and commentary for over 15,000professional traders and brokers worldwide. Services include:
- Real-time audio coverage from 0630 to 2200 London time plus Asia-Pac 2200 to 1000 London time
- Teams of analysts covering equities, fixed income, FX, energy, and metals markets
- Real-time scrolling news service with instant analysis
- Daily and weekly pre-market research and calendars
- Video updates covering near-term key risk events & primary trading themes
- One-to-one chat with our expert analysts