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The Bank of Japan widened the tolerance for 10-year JGB yields to plus or minus 20bp around its 0% target and introduced forward guidance that rates stay low for longer. It kept the policy rate at -0.1%.
Danske Bank expects the policy to hold until at least the end of 2019.
Looser yield control and extended low-rate guidance weigh on the yen and support global bond inflows, which affects currency and fixed-income flows more than grain or feed demand.
actionforex.comDanske BankJul 31, 2018Not 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.
