Bank of Japan's Hints at Tighter Policy Spark Yen Jump and Bond Yields Rise
Thursday, 29 February 2024, 04:50
Bank of Japan's Hints at Tighter Policy Spark Yen Jump and Bond Yields Rise
Bank of Japan board member Takata injected some life into Asian FX trading with a series of comments suggesting tighter policy in Japan, without specifying when. Yields on Japanese bonds rose and the yen jumped, with USD/JPY dropping by as much as 95 pips in steady selling after the comments.
Other Key Points:
- Bitcoin: Fluctuated around $60,000 level and rose to $62,500 amid global market volatility.
- Australian Data: Mixed results led to 20 pips gain in Aussie on improving China sentiment and equities climb.
- Market Overview: Leap day trading remained steady with focus on forex market developments.
This article was written by Adam Button at Forexlive.com.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.