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Japan's 10-year government bond yield rose to 0.505% on Wednesday, breaking above the Bank of Japan's 0.5% cap. The BOJ stepped in with bond buying and loans to defend the cap.
Monetary policy moves in Japan affect yen strength and funding costs, which can shift the currency backdrop for Japanese import demand. The direct effect on feed commodity prices is small.
reuters.comJunko FujitaFeb 22, 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.
