The Bank of Japan's decision to intervene indefinitely in the bond market implies a major policy shift: the Japanese are literally dropping the Yen!
0 sats \ 1 reply \ @siggy47 24 Oct 2023
Tom, what's your take in this article:?
https://www.zerohedge.com/markets/bigger-risk-bunds-comes-boj-not-so-much-ecb
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117 sats \ 0 replies \ @TomK OP 24 Oct 2023
Let's say it that way: the BoJ's move came as a surprise to me. And I really thought they would let their yield run up to 1-1.5% and force the ECB to fight for a fiscal shift within their member states. This helps the Euro short-term to stabilize. I need to watch the BoJ carefully - they are breeding something. Or they simply let the Yen go full Peso what I cannot believe would ever happen
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