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BOJ tempers with the post-Fed euphoria a little

Sumary of BOJ tempers with the post-Fed euphoria a little:

  • Mixed messages going into the BOJ policy meeting tomorrow USD/JPY has pared gains on the report in a fall from 109.07 to 108.63 before finding a bounce to 108.90 currently – keeping just above its 200-hour moving average…
  • The catalyst is the BOJ report here, suggesting that the central bank is going to widen its 10-year JGB yields target band from 0.20% to 0.25%…
  • In turn, we’re seeing 10-year JGB yields jump up before the spike is seen abating a little in the past hour with the Nikkei also returning from the lunch break and halving its 1.9% gains earlier to just 0.9% at the moment….

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