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The yen has weakened against the dollar after the Bank of Japan (BOJ) added flexibility to its yield control program, falling short of market speculation for a greater change. The yen weakened to above 151 per US dollar, a level not seen since 1990, despite talk of currency market intervention by the authorities. The BOJ's policy change allows for higher 10-year bond yields, which could give Japan an edge as it can afford to raise borrowing costs slowly due to low inflation.
🎙️ On @Breakingviews: The BOJ changed its policy to allow higher 10-year bond yields. Unlike in the US, it can afford to raise borrowing costs slowly as inflation is low. Columnists discuss why monetary tightening as others loosen may give Japan an edge https://t.co/jr6POrXNg8 https://t.co/mcgZ8zJklu
The Yen has weakened this morning to above 151 per US dollar, a level not seen since 1990 — and this despite talk of currency market intervention by the authorities. #economy #markets #japan #fx #econtwitter https://t.co/Aw0GV0yzUl
⚠️BREAKING: *JAPAN'S YEN WEAKENS PAST 150.60 PER DOLLAR LEVEL TO TOUCH LOWEST SINCE OCTOBER 2022 AFTER BOJ POLICY DECISION WILL THE BOJ INTERVENE TO SUPPORT THE YEN? $USD $JPY 🇺🇸🇯🇵 https://t.co/rc5qSJkn7n
The yen extended declines against the dollar after BOJ adds flexibility to its yield control program while falling short of market speculation of a greater change https://t.co/boo5hO2JBy
Yen rises on speculation of BOJ policy tweak; dollar ebbs https://t.co/tqB3HXMpDg https://t.co/xpflGh4Lvm
The yen extended declines against the dollar after BOJ adds flexibility to its yield control program while falling short of market speculation of a greater change https://t.co/6ISlsJ1cdB