Currencies
Yen Jumps on Report That BOJ Will Discuss Tweaking Yield Curve Control
- Yen gains as much as 2% against euro, highest in over a month
- BOJ to discuss tweaking yield curve control policy: Nikkei
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The yen climbed against all of its major peers after a report that the Bank of Japan plans to discuss tweaking its yield curve control policy when it meets Friday.
The Japanese currency rallied as much as 2% against the euro, the most since March, and rose 1% against the dollar. The BOJ will consider letting long-term interest rates rise above its 0.5% cap by “a certain degree,” Nikkei reported, without attribution.