The Bank of Japan (BOJ) is reportedly planning to end its yield curve control and purchases of risk assets, including Japanese stock exchange-traded funds (ETFs) and real estate investment trusts (REITs), on Tuesday, according to a report by Nikkei. While the specific source of this information was not disclosed, it's noted that the BOJ will continue buying some Japanese government bonds (JGBs) to prevent a spike in bond yields. However, it intends to abandon its approach of suppressing interest rates against market trends. This decision marks a significant shift in the BOJ's monetary policy.
Despite growing speculation regarding tomorrow's decision, there are no significant changes observed in the forex market. The Japanese Yen (JPY) is even losing value a day before the official decision is made. USDJPY is recording a 0.11% increase today to the level of 149.130 and is approaching the key level of 150 again.
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Source: xStation 5
