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  • Japanese yields are on the rise, the 10-year yield hit a 1.5-year high of 0.145 percent earlier today.
  • The Bank of Japan (BOJ) tweaked its policy earlier this week to make it more sustainable.

The yield on the 10-year Japanese government bond (JGB) jumped to 0.145 percent – the highest level since February 2017 earlier today and was last seen trading at 0.127 percent.

The benchmark yield breached the 1.5-year-long trading range of 0.02 percent – 0.10 percent after the Bank of Japan (BOJ) announced on Tuesday that it would allow yields to move more freely. That is expected to make its ultra-easy monetary policy more sustainable for long-term.

Further, it would help the BOJ engineer a steeper yield curve, something that would bode well for the troubled regional banks.

As for today, the uptick in the yields is helping the JPY score gains against majors.