by nationalcollapse
At around 10:02 Eastern time, the yen reached 150 to the dollar – the highest since 1986:
www.marketwatch.com/investing/currency/usdjpy?mod=home-page
At the exact same time, yields on US 10-year treasuries spiked:
www.marketwatch.com/investing/bond/tmubmusd10y?countrycode=bx&mod=home-page
(Spiking yields mean someone sells off treasuries. They need to offer higher yields to get buyers)
At 10:20, yen strengthens back to 148.5 against the dollar.
Obviously 150 is a huge psychological limit for the BoJ, at least for now, and they apparently still don’t want to let their own treasury yields rise.
Do with this information what you will.
Views:
95