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The Japanese yen strengthened and 10-year JGB yields rose to 0.575%, the highest since September 2014, after the BOJ allowed greater flexibility in its yield curve control target range. Analysts said the impact on global markets is likely to be modest, though higher Japanese yields could push up global bond yields.
Higher Japanese yields can pull global bond yields upward as Japan is a major foreign bond holder. This tightens financial conditions and can weigh on dollar-priced commodities.
cnbc.comSumathi BalaJul 28, 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.
