by nationalcollapse
At around 10:02 Eastern time, the yen reached 150 to the dollar – the highest since 1986:
https://www.marketwatch.com/investing/currency/usdjpy?mod=home-page
At the exact same time, yields on US 10-year treasuries spiked:
https://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.