2023-10-31 08:55 |
The BOJ's yield curve control program has been a major source of liquidity for financial markets since 2016. Early Tuesday, the bank tweak the curve control program in what appears to be a stealth hawkish move.
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Quick Take BOJ’s New Policy Direction The Bank of Japan (BOJ) announced a significant policy change today, July 28, which is already influencing the global financial markets. The BOJ has adjusted its yield curve control program, formerly designed to cap the 10-year government bond yield at 0.
2023-7-28 11:59 | |
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BOJ announced a proper yield curve control tweak with semantics that camouflaged the hawkish move.
2023-7-28 07:52 | |
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The largest cryptocurrency ticked down for a couple of hours after a report that the Bank of Japan was mulling a change to its yield curve control policy before regaining ground.
2023-7-28 01:11 | |
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After the Bank of Japan (BOJ) announced a surprising turnaround in its monetary policy today, the Bitcoin price managed to rise near the important resistance level of $16,900. The BOJ announced that it will drastically widen its yield curve control band to 0.
2022-12-20 17:00 | |
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| Analogue Notcoin - TapSwap |
The Japanese yen swung wildly on Monday, recovering 500 pips from over three-decade lows on suspected BOJ intervention.
The leading cryptocurrency had crossed $70,000 for the first time ever last week.
The BOJ's yield curve control program has been a major source of liquidity for financial markets since 2016. Early Tuesday, the bank tweak the curve control program in what appears to be a stealth hawkish move.
The BOJ is predicted to soften its grip on the country's bond markets, potentially influencing global bond markets, exchanges rates and liquidity conditions. Bitcoin and cryptocurrencies, in general, are sensitive to changes in global liquidity conditions.
With the end of the proofs of concept, the Bank of Japan has initiated its CBDC pilot and plans more to gather more public and business feedback.
The Bank launched a pilot program for “digital yen” in April after finishing its proof-of-concept testing, which began in 2021.