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The Bank of Japan kept its benchmark yield cap in place while stepping up 3-10 year JGB purchases in a scheduled operation and offering to buy super-long JGBs in an emergency operation. The moves came as global rate pressure built.
Aggressive BOJ bond buying keeps Japanese rates low while US yields rise, widening the yield gap and weakening the yen. A weaker yen raises the local-currency cost of imported feed grains and meal, which can lift Japanese buying costs even as dollar prices hold.
reuters.comLeika KiharaMar 30, 2022Not 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.
