# Yen and JGB yields rise after BOJ pledges "greater flexibility" to yield curve control

> 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.

- Date: 2023-07-28 · published 2023-07-28T12:00:00.000Z
- Category: macro · region Japan · magnitude medium
- Page: https://feedsoft.ai/events/35289-yen-and-jgb-yields-rise-after-boj-pledges-greater-flexibility-to-yield-curve
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

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.

## Read by commodity

- USDJPY: bearish ▼

## Sources

- cnbc.com: https://www.cnbc.com/2023/07/28/yen-and-jgb-yields-rise-amid-reports-possible-policy-tweaking-by-boj.html

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