{"id":87090,"date":"2023-07-27T22:41:55","date_gmt":"2023-07-27T18:41:55","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=87090"},"modified":"2023-07-27T22:50:35","modified_gmt":"2023-07-27T18:50:35","slug":"usd-jpy-sharply-reacts-to-strong-hint-on-bojs-drop-0-5-cap-in-10y-jgb-yields","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/usd-jpy-sharply-reacts-to-strong-hint-on-bojs-drop-0-5-cap-in-10y-jgb-yields\/07\/27\/market-updates\/","title":{"rendered":"USD\/JPY sharply reacts to strong hint on BoJ\u2019s drop 0.5% cap in 10Y JGB yields"},"content":{"rendered":"\n<p><strong>USD\/JPY bears jumped in on a Nikkei news article ahead of the Bank of Japan&#8217;s meeting on Friday that took USD\/JPY down from 141.10 to 139.20 low in a flash.<\/strong><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>The Nikkei reported, &#8221; The Bank of Japan will discuss tweaking its yield curve control policy at a policy board meeting Friday to let long-term interest rates rise beyond its cap of 0.5% by a certain degree, Nikkei has learned, in what would be a shift toward a more flexible policy approach.&#8221;<\/strong><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>This has flipped sentiment around that had otherwise been expecting a non-event in Friday&#8217;s meeting considering it was only recently that the BOJ Governor Ueda said there was &#8220;still some distance to sustainably achieve 2% inflation target&#8221; and that unless their assumptions on the need to sustainably achieve 2% target change the BoJ&#8217;s &#8220;narrative on monetary policy won&#8217;t change.&#8221;<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>USD\/JPY bears jumped in on a Nikkei news article ahead of the Bank of Japan&#8217;s meeting on Friday that took USD\/JPY down from 141.10 to 139.20 low in a flash. The Nikkei reported, &#8221; The Bank of Japan will discuss tweaking its yield curve control policy at a policy board meeting Friday to let long-term &hellip;<\/p>\n","protected":false},"author":13,"featured_media":62091,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[4707,37,36],"tags":[7907,10426],"class_list":["post-87090","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-breaking-news","category-forex-markets","category-market-updates","tag-boj","tag-jgb-yields"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/87090","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=87090"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/87090\/revisions"}],"predecessor-version":[{"id":87091,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/87090\/revisions\/87091"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/62091"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=87090"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=87090"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=87090"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}