# Bank of Japan keeps yield control policy unchanged

> The Bank of Japan kept ultra-low interest rates and its 0.5% cap on the 10-year bond yield, defying expectations it would phase out stimulus. The yen weakened after the announcement, with the dollar rising as much as 2.7% before trimming gains to around 129.38 yen.

- Date: 2023-01-18 · published 2023-01-18T12:00:00.000Z
- Category: macro · region Japan · magnitude medium
- Page: https://feedsoft.ai/events/38008-bank-of-japan-keeps-yield-control-policy-unchanged
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Yen weakness against the dollar makes US commodities relatively more expensive for Japanese buyers while supporting dollar-denominated export pricing; the effect on feed grain prices is indirect.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/asia/view-bank-japan-keeps-yield-control-policy-unchanged-2023-01-18/

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