Bank of Japan intervenes to buy an unlimited amount of 5 to 10 year JGBs

<p>An earlier post on rising JGB yield today, for context:</p><ul><li><a href="https://www.forexlive.com/centralbank/the-yield-on-the-10-year-japanese-government-bond-has-hit-its-highest-since-april-2014-20230803/" target="_blank" rel="follow" data-article-link="true">The yield on the 10 year Japanese Government Bond has hit its highest since April 2014</a></li></ul><p>Bank of Japan Governor Ueda widened the tolerance band for the 10-year to 1% around zero from 0.5%. </p>

This article was written by Eamonn Sheridan at www.forexlive.com.