BOJ to consider measures to reduce its government bond purchases – report
globalreutersApril 25, 20241 Mins read USD/JPY is falling on this report.
The Bank of Japan meets later today but this report doesn’t specify a timeline for reducing government bond buys.
Aside from USD/JPY, the US dollar is broadly strong as Treasury yields continue to climb. US 10-year yields are up 7.5 bps to 4.72% — the highest since November.
While this report is good for the yen, it’s also a drag on global bonds.
We get a 7-year Treasury sale at 1 pm ET.
This article was written by Adam Button at www.forexlive.com.
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