# BOJ jolts markets in surprise change to yield curve policy

> The Nikkei share average slumped 2.5% after the Bank of Japan changed its yield curve policy in a surprise move. The dollar fell as much as 3.1% to a four-month low of 132.68 yen. The 10-year JGB yield briefly spiked to 0.460%, near the BOJ's newly set implicit cap and the highest since 2015.

- Date: 2022-12-19 · published 2022-12-19T12:00:00.000Z
- Category: macro · region Japan · magnitude medium
- Page: https://feedsoft.ai/events/38466-boj-jolts-markets-in-surprise-change-to-yield-curve-policy
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

The sharp yen move and equity sell-off change the cost of dollar-denominated commodity imports for Japan and the risk appetite that drives commodity funds. The effect on feed prices is indirect but could persist.

## Read by commodity

- USDJPY: bearish ▼

## Sources

- cnn.com: https://www.cnn.com/2022/12/20/investing/japan-boj-yield-curve-control-change
- reuters.com: https://www.reuters.com/markets/rates-bonds/japan-set-keep-ultra-low-rates-doubts-over-yield-cap-grow-2022-12-19/

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