The Bank of Japan (BoJ) is likely to insert clearer guidance in its policy statement next week on what it sees as an acceptable level of fluctuation in long-term interest rates, Reuters reported on Friday, citing BoJ sources.
“While there is no consensus within the BOJ, the guidance may take the form of a loose range around its 0% target for 10-year bond yields, said three sources familiar with its thinking, Reuters added.
Market reaction
The USD/JPY pair largely ignored this headline and was last seen trading at 109.10, where it was up 0.57% on a daily basis.
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