Loading…
The Bank of Japan kept its bond yield targets but gave its yield curve control policy greater flexibility, with 10-year yields allowed to rise by up to 1.0%. Governor Ueda said the bank had pre-empted risks and was ready to act again if needed.
The move signals the start of a gradual shift away from ultra-easy policy, which can strengthen the yen and push up global bond yields. Those effects tighten financial conditions and can weigh on dollar-priced commodities.
reuters.comLeika KiharaJul 27, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
