The yield on the 10 year Japanese Government Bond has hit 0.505%.
Above the 0.5% top of the Bank of Japan tolerance band (zero % +/- 50bps)
- highest since March 3
USD/JPY is dropping as speculation continues there will be a Bank of Japan YCC tweak today, along the line suggested by BNP:
![usdyen boj jgb tolerance band 28 July 2023](https://images.forexlive.com/images/usdyen%20boj%20jgb%20tolerance%20band%2028%20July%202023_id_ee6783db-db8c-4bd7-8863-628bd10dec96_size900.jpg)
Tokyo area inflation data, just out, is still hot: