Japan official citing BOJ's Ueda says long-term yields remain stable under YCC

<ul><li>BOJ to maintain accommodative monetary policy environment for firms</li><li>Yen exchange rate against dollar slightly volatile partly due to interest rate differentials</li></ul><p>There is a bit of a dip in USD/JPY but they don't really seem to be tied to these comments, which are just out in the last 5 minutes or so (they also imply the opposite reaction). The pair is down from around 141.00 to 140.60 levels currently in the past half-hour as slightly lower bond yields might be the cause for the drag.</p>

This article was written by Justin Low at www.forexlive.com.