# Bank of Japan loosens grip on rates as prices rise, markets bet on bigger pivot

> 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.

- Date: 2023-07-27 · published 2023-07-27T12:00:00.000Z
- Category: macro · region Japan · magnitude medium
- Page: https://feedsoft.ai/events/35287-bank-of-japan-loosens-grip-on-rates-as-prices-rise-markets-bet-on-bigger-pivot
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

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.

## Read by commodity

- USDJPY: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/rates-bonds/boj-seen-keeping-ultra-low-rates-may-debate-tweak-yield-cap-2023-07-27/

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