USD/JPY: Yen benefits from BoJ’s JGB purchases – Commerzbank USDJPY Currencies Bonds Banks
, Head of FX and Commodity Research at Commerzbank expresses his take on the impact of the Bank of Japan bond purchases on the Japanese Yen.“The Bank of Japan’s decision to allow higher JGB yields had spontaneously been interpreted as the beginning of the end of ultra-expansionary monetary policy not only by me.“
“However, in particular the fact that Japanese central bankers will have to defend the new upper limit for JGB yields with even more determination resulted in a reversal. USD-JPY is once again trading at levels around 131.00 , so roughly where the currency pair was trading following theInformation on these pages contains forward-looking statements that involve risks and uncertainties.
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