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The BOJ offered unlimited purchases of 10-year JGBs at a 0.25% yield for four days to defend its yield cap. The operation was a response to rising global yields.
Unlimited JGB buying signals the BOJ will keep yields suppressed, widening the rate gap with the US and weighing on the yen. That keeps Japanese import costs for feed high in local currency terms.
reuters.comLeika KiharaMar 28, 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.
