USD/JPY firmer yields around 132.50 as BoJ defends easy policy, central banks eye liquidity infusion – by anilpanchal7 USDJPY YieldCurve BOJ Fed RiskAversion
BoJ Summary of Opinions suggests board members saw the need to maintain ultra-loose monetary policy.
That said, the US 10-year Treasury bond yields rise six basis points to 3.49% while the two-year counterpart also adds five bps to print a 3.93% coupon at the latest. It’s worth noting thattwo-year Treasury bond yields marked the biggest weekly loss in three years while the 10-year counterpart dropped the most since early January.
Apart from the likely continuation of the BoJ’s ultra-easy monetary policy, the news suggesting the global central banks’ joint efforts to boost the US Dollar liquidity and the UBS-Credit Suisse deal also allowed the USD/JPY to recover., Bank of Japan, European Central Bank, Federal Reserve, and Swiss National Bank are all up for announcing joint actions to provide more liquidity via standing US dollar liquidity swap line arrangements.
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