# Japan yields hit 9-year high, yen gains after BOJ delivers 'stealth' policy shift | Reuters

> The Bank of Japan surprised markets by loosening its yield curve control, allowing 10-year JGB yields to move further from target. Japanese yields hit a nine-year high and the yen swung sharply against the dollar before recovering some gains.

- Date: 2023-07-28 · published 2023-07-28T12:00:00.000Z
- Category: macro · region Japan · magnitude medium
- Page: https://feedsoft.ai/events/35284-japan-yields-hit-9-year-high-yen-gains-after-boj-delivers-stealth-policy-shift
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A wider yen swing and higher global bond yields tighten financial conditions and raise funding costs. For feed buyers, a firmer yen can soften import costs for Japanese buyers, while the dollar and rate moves feed into commodity pricing.

## Read by commodity

- USDJPY: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/asia/japan-yields-hit-9-year-high-yen-gains-after-boj-delivers-stealth-policy-shift-2023-07-28/

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