Markets on Edge for Potentially Epochal BOJ Policy Decision
- Dollar-yen volatility has surged to highest since pandemic
- Traders have relentlessly tested bounds of BOJ’s YCC policy
This article is for subscribers only.
Investors are bracing for Wednesday’s Bank of Japan monetary policy decision, which has the potential to send tremors across local and global markets.
While economists are near unanimous in predicting the BOJ will maintain its policy settings, their conviction has been waning since the central bank’s surprise move in December to raise its cap on bond yields.