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22 May 2013
BoJ watch –TD Securities
FXstreet.com (London) - Alvin Pontoh, Asia-Pacific Macro Strategist, FX & Rates Strategy at TD Securities noted that BOJ has kept its monetary policy unchanged by a unanimous vote.
The BoJ upgraded its assessment of the economy, but made no reference to the recent jump in JGB yields. He suggested that this led to a jump in JGB yields, as 10yrs rose +4bp to 0.90%. Further, he noted that the Bank will watch “both upside and downside risks”, and will make adjustments to the asset purchase program if needed.
The BoJ upgraded its assessment of the economy, but made no reference to the recent jump in JGB yields. He suggested that this led to a jump in JGB yields, as 10yrs rose +4bp to 0.90%. Further, he noted that the Bank will watch “both upside and downside risks”, and will make adjustments to the asset purchase program if needed.