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For the Yen, the tweak appears to have caused some confusion in the markets as it’s unclear if policymakers are targeting specific levels or ranges within the ±100-bps band around 0%.
August 1,2023
The Pound to Yen exchange rate was the biggest faller among Sterling pairs early in the final session of the week after the Bank of Japan (BoJ) said it would enhance the sustainability of its Yield Curve Control program by being more flexible about the level government bond yields are allowed to rise to.
July 28,2023
The Pound to Yen exchange rate is the biggest riser of the Sterling pairs for the year but could be turned on its head by month-end if the Bank of Japan (BoJ) surprises financial markets in calling time on its monetary stimulus next Friday, which would also risk creating volatility in GBP/USD too.
July 21,2023
The Japanese Yen stabilised against the Pound, Dollar, Euro and others in opening the new month but remained near landmark lows and would likely have most to gain from the single currency and Sterling if a recently popular 'carry trade' leads to another lurch lower currency and intervention to support it from Tokyo
July 4,2023
The Japanese Yen has reached milestone lows against some counterparts and prompted increased speculation about the risk of another intervention to stem the declines but any support for the currency might eventually be washed away if it later turns out that inflation has escaped from its lantern in Japan.
June 28,2023
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