The Bank of Japan is buying Japanese Government Bonds as part of its attempt to hold yields down, yield curve control.
USD/JPY has risen higher:
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Earlier:
Bank of Japan policy statement. Due in the 0230 to 0330 GMT time window (2130 - 2230 US ET).
Previews:
- TD say still plenty of room for yen gains, see as low as 120 by the end of March
- Bank of Japan preview - "may be on the verge of its biggest policy change in decades"
- The hyenas are circling the Bank of Japan
- 10-year JGB yields still pushing the limit for now
- The risks are skewed towards disappointment for yen bulls this week
