BOJ Loses Control Of Bond Market As New YCC Band Breaks Amid Selling Panic
January 12, 2023 at 20:40 PM EST
Overnight the Japanese yen soared (if not quite as much as it did last month when the BOJ unexpectedly doubled the trading band of its Yield Curve Control to +/- 0.50% sparking the biggest surge in the Japanese currency since LTCM and the 1998 Asian Crisis), after Japan’s Yomiuri reported that the BoJ is to […] Source
