The Japanese yen rallied against its major counterparts on Friday, as the Bank of Japan decided to bring greater flexibility to the yield curve control and to maintain its ultra-loose monetary policy.
The bank board, led by Governor Ueda Kazuo, decided to continue to allow the yield on 10-year Japanese government bonds, or JGBs, to fluctuate in the range of plus and minus 0.5 percentage points from the target level.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
For comments and feedback: editorial@rttnews.com