# Instant View: BOJ modifies bond yield control, re-defines long-term rate cap

> The yen slid nearly 0.7% against the dollar, moving past 150 per dollar to an intraday low of 150.12 before paring losses to 149.95. The Bank of Japan had just added more flexibility to its bond yield control policy.

- Date: 2023-11-01 · published 2023-11-01T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/33866-instant-view-boj-modifies-bond-yield-control-re-defines-long-term-rate-cap
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Currency swings of this size shift the effective cost of dollar-priced imports for Japan and can alter demand for U.S. feed ingredients at the margin.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/asia/boj-modifies-bond-yield-control-re-defines-long-term-rate-cap-2023-10-31/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.