BoJ tweaks YCC, maintains 1% upper limit
Japanese yen sinks
The Japanese yen is sharply lower on Tuesday following the Bank of Japan policy meeting. In the European session, USD/JPY is trading at 150.65, up 1.06%.
BoJ loosens grip on yield cap
The Bank of Japan tweaked its yield control curve (YCC) policy on Tuesday, a small step that nevertheless sent the Japanese yen tumbling.
31-10-2023 07:04 GMT
by Kenneth Fisher