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Japan 10-year yield 1.5-year high

  • Japanese yields are on the rise, the 10-year yield hit a 1.5-year high of 0.145 percent earlier today.
  • The Bank of Japan (BOJ) tweaked its policy earlier this week to make it more sustainable.

The yield on the 10-year Japanese government bond (JGB) jumped to 0.145 percent - the highest level since February 2017 earlier today and was last seen trading at 0.127 percent.

The benchmark yield breached the 1.5-year-long trading range of 0.02 percent - 0.10 percent after the Bank of Japan (BOJ) announced on Tuesday that it would allow yields to move more freely. That is expected to make its ultra-easy monetary policy more sustainable for long-term.

Further, it would help the BOJ engineer a steeper yield curve, something that would bode well for the troubled regional banks.

As for today, the uptick in the yields is helping the JPY score gains against majors.  

Author

Omkar Godbole

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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