Japan - Bank of Japan (BOJ)

[behappyalways]

Bank of Japan pledges to guide yield curve control with ‘greater flexibility’
https://www.cnbc.com/2023/07/28/bank-of ... ility.html


The standing bid from Bank of Japan on the 10-year JGB just doubled

Official policy that 10-Year JGB is 0%, fluctuation range is +/- 0.50%, but these ranges are now seen as a "references" rather than "rigid limits."

Standing big is now 1.0%, no longer 0.50%
https://twitter.com/JackFarley96/status ... 3288763392

[behappyalways]

The Japanese central bank's policy adjustments lead to a double kill of stocks and bonds!
The Japanese yen rebounded after a sharp depreciation and raised interest rates in disguise!
The Japanese central bank relaxed the YCC flexible quasi-long-term interest rate to 1%
日央政策調整釀股債雙殺! 日圓急貶後回升 變相升息!日央放寬YCC彈性准長期利率到1%｜非凡財經新聞｜20230728
https://m.youtube.com/watch?v=v8JFucYLuLs



The BoJ tweaked their YCC last night / this morning. The vote for tweaking was 8-1.
https://twitter.com/AyeshaTariq/status/ ... 2780472320

[behappyalways]

BOJ's Yield Curve Control "Tweak" Ends In Disaster As Yen Tumbles, JGB Yields Soar
https://www.zerohedge.com/markets/bojs- ... ields-soar

[behappyalways]

Maybe ...

Credit event explained
https://twitter.com/leadlagreport/statu ... 4993653760

BOJ's Yield Curve Control "Tweak" Ends In Disaster As Yen Tumbles, JGB Yields Soar
https://www.zerohedge.com/markets/bojs- ... ields-soar

[behappyalways]

If the Japanese carry trade was the true driver of the manic melt up in tech stocks (and not “AI”), then watch out below if the worlds largest carry trade blows up.
https://twitter.com/Porter_and_Co/statu ... 6390775818

[behappyalways]

Kishida's Unpopularity Increases Risk Of BOJ Shift And Yen Intervention
https://www.zerohedge.com/markets/kishi ... tervention

[behappyalways]

*JAPAN 10-YEAR YIELD RISES TO 0.7% FOR FIRST TIME SINCE 2014
https://twitter.com/zerohedge/status/17 ... 7870818511


Yen jumps on Ueda’s remarks, dollar tentative ahead of U.S. inflation print
https://www.cnbc.com/2023/09/11/yen-jum ... print.html

[behappyalways]

*JAPAN 10Y GOVT BOND YIELD RISES TO 0.74%, HIGHEST SINCE 2013
https://twitter.com/zerohedge/status/17 ... 4434715010

[behappyalways]

With Most Central Banks Ending Their Tightening Cycle, The BOJ Remains Too Terrified To Even Start
https://www.zerohedge.com/markets/most- ... even-start

[winston]

When Japan Ends Negative Rate Policy, Treasuries Will Suffer

by Yumi Teso and Masaki Kondo

Japan’s era of negative interest rates will end in coming months, and the implications for world markets will be enormous, with US Treasuries set to suffer the most.

Higher yields in Japan would encourage fund repatriation by Japanese investors whose huge holdings include US, European and Australian debt.

Declines in the dollar may add to the misery, as 36% expect pain for the currency that the US debt is denominated in.

Japanese investors are the biggest foreign holders of US government bonds, with more than $1.1 trillion at the end of August.

Source: Bloomberg

https://finance.yahoo.com/news/japan-en ... 16872.html