The yield on the 20 year Japanese Government Bond has risen to 1.47%, its highest in nearly a decade. Yesterday the 10-year yield hit its highest since May 2014. The Bank of Japan was in the market buying the 10yr earlier today: BoJ offers to buy an unlimited amount of JGBs: fixed rate, residual maturities
On the 2-year yield is up 3bp to 0.03%. USD/JPY was slammed earlier on: Bank of Japan Governor Ueda says his focus is on a ‘quiet exit’ reducing monetary easing USD/JPY indicating a big figure lower than Friday after ‘exit’ comments from BOJ Gov Ueda More on Bank of Japan Governor Ueda weekend comments sending
