Reuters: Japan's yen slides broadly as BOJ policy tweak seen inadequate
Category:Cross-Border
Updated:2023-10-31
"Markets are disappointed with the Bank of Japan's muddled messaging and indecisive policy direction," said Karl Schamotta, chief market strategist at Corpay in Toronto. "By moving to a reference point and failing to scrap the yield cap outright, policymakers maintained ambiguity around where and why they might intervene in bond markets, and lessened the likelihood of a wider surge in repatriation flows."
Reuters: Japan's yen slides broadly as BOJ policy tweak seen inadequate
Cross-Border
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