The rate hike follows currency interventions by the Ministry of Finance (MOF), prompting a reassessment of popular carry trades, which drove the yen's rebound.
Japanese government bond yields were volatile and jumped in reaction to the BoJ's announced plans to cut its monthly bond purchases to about 3 trillion yen by early 2026.
US Treasury yields remained steady as market participants awaited the Federal Reserve's decision on interest rates. Treasury yields could fall if the central bank takes a dovish stance.
Collection
[
|
...
]