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The Bank of Japan's policy committee voted 8-1 to strengthen yield curve control, committing to daily purchases of government bonds to keep 10-year yields at 0.25%. The commitment weighed on the yen.
The move cements the yen's weakness and a wide gap with Fed policy, supporting a stronger dollar that weighs on dollar-priced commodities and raises costs for Japanese importers.
centralbanking.comCentral Banking NewsdeskApr 28, 2022Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
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.
