The USD/JPY crosses 130.00 for the first time in almost two decades, as the BOJ maintains its dovish stance.

For the first time in 20 years, the USD/JPY pair has accelerated the bull points and jumped above 130.00.

April 28, 2022 - 01:06 PM 266 views

The USD/JPY crosses 130.00 for the first time in almost two decades, as the BOJ maintains its dovish stance.

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© The USD/JPY crosses 130.00 for the first time in almost two decades, as the BOJ maintains its dovish stance.

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For the first time in 20 years, the USD/JPY pair has accelerated the bull points and jumped above 130.00.

       The drop in the yen currency has prepared the Bank of Japan (BOJ) to speed up things. The BOJ tightened its ultra-loose monetary policy and increased the purchase of bonds to double times.

       The BOJ has left the important policy settings unadjusted but has taken a pledge to buy unlimited bonds at fixed prices on each business day. This is to preserve the 0.25% bond cap on 10-year old Japanese government bonds (JGB).

      The BOJ's dovish approach has expanded the yield disparity between the US and Japan, as the Fed remains on course to hike rates again in May and June.

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