Japanese yen weakens as Bank of Japan makes no changes to yield curve range
Publishing timestamp: 2023-01-17 23:53:03
Summary
The Japanese yen weakened by more than 2% after Bank of Japan announced no changes to its yield curve control. The Bank of Japan left its interest rate unchanged at ultra-dovish -0.1% and maintained the same rate since 2016. The 10-year JGB yields have exceeded the upper ceiling several times. Bank of Japan revised its forecasts for 2023's core inflation nationwide from 2.9% to 3%. Nationwide inflation data is expected Friday.
Sentiment: NEUTRAL
Tickers: JPY=,
Keywords: breaking news: asia, central banking, asia economy, japan, economic events, business news, currency markets, usd/jpy,