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BoJ watch –TD Securities

FXstreet.com (London) - Alvin Pontoh, Asia-Pacific Macro Strategist, FX & Rates Strategy at TD Securities noted that BOJ has kept its monetary policy unchanged by a unanimous vote.

The BoJ upgraded its assessment of the economy, but made no reference to the recent jump in JGB yields. He suggested that this led to a jump in JGB yields, as 10yrs rose +4bp to 0.90%. Further, he noted that the Bank will watch “both upside and downside risks”, and will make adjustments to the asset purchase program if needed.

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