As widely expected, the BOJ maintained its -0.1% target for short-term interest rates and for 10-year government bond yields around the 0% set by the yield curve control (YCC).

Ivanka O.
October 31, 2023
1 minute read

As widely expected, the BOJ maintained its -0.1% target for short-term interest rates and for 10-year government bond yields around the 0% set by the yield curve control (YCC).
Japan’s yield cap has turned into a kind of reference rate, and the Bank of Japan has redefined its 1% yield cap on 10-year government bonds as an “upper limit” rather than a rigid target.
The BoJ has revised its inflation forecasts and now assumes that inflation in 2023 and 2024 will be well above the 2% target.
Market reaction to the BoJ’s decisions lifted the Japanese yen lower, with the pair losing nearly 0.76% against the US dollar and back above the 150.00 zone.
Hamas stated that its militants in the Gaza Strip fired anti-tank missiles at Israeli invasion forces Tuesday morning. Prime Minister Benjamin Netanyahu rejected calls for a cessation of hostilities.
U.S. and European index futures are trading lower, with the DE30 losing 0.3% and the US100 trading 0.5% lower.
Brent gains 0.22% and US gas prices rise 0.66%.
Asia-Pacific indices were slightly underperforming – the Nikkei gained 0.6%, the S&P/ASX 200 added 0.12%, the Kospi lost 1.4%, and the Nifty 50 traded 0.2% lower.
The Hang Seng is leading the decline in the Chinese market, with the index losing more than 1.85%.
China Oct PMIs: Manufacturing 49.5 (expected 50.2) Non-manufacturing 50.6 (expected 51.8)
Cryptocurrencies are trading in mixed sentiment – Bitcoin loses 0.4%, Ripple falls 0.8%, and Solana gains nearly 4%.
Precious metals are trading slightly lower – gold loses 0.15% and silver loses 0.75%.
The USD and CHF are the strongest of the major currencies, while the JPY and AUD perform the weakest

Latest news

Stock market indices in the Asia-Pacific region traded at mixed levels during Tuesday’s trading session. Korea’s KOSPI gained nearly 1.01% intraday, while Japan’s Nikkei was down 0.11%. The Hang Seng is currently performing poorly, trading down 0.88%.

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Indices from Asia-Pacific launched new week’s trading lower. Nikkei drops 0.6%, S&P/ASX 200 is down 0.8%, Kospi and Nifty 50 decline 0.1% while indices from China trade 0.4-1.2% lower

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After a moderately positive European session on Thursday and no trading on Wall Street, Friday’s sentiment in the Asian session was mostly weak. The HangSeng lost more than 1.7%, and South Korea’s KOSPI lost 0.7%. Japan’s Topix and Nikkei gained within 0.5%.

November 24, 2023

US indices finished yesterday’s trading higher with S&P 500 gaining 0.41%, Dow Jones moving 0.53% higher and Nasdaq adding 0.46%. Small-cap Russell 2000 gained almost 0.6%

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As widely expected, the BOJ maintained its -0.1% target for short-term interest rates and for 10-year government bond yields around the 0% set by the yield curve control (YCC).

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Latest news

Stock market indices in the Asia-Pacific region traded at mixed levels during Tuesday’s trading session. Korea’s KOSPI gained nearly 1.01% intraday, while Japan’s Nikkei was down 0.11%. The Hang Seng is currently performing poorly, trading down 0.88%.

Indices from Asia-Pacific launched new week’s trading lower. Nikkei drops 0.6%, S&P/ASX 200 is down 0.8%, Kospi and Nifty 50 decline 0.1% while indices from China trade 0.4-1.2% lower

After a moderately positive European session on Thursday and no trading on Wall Street, Friday’s sentiment in the Asian session was mostly weak. The HangSeng lost more than 1.7%, and South Korea’s KOSPI lost 0.7%. Japan’s Topix and Nikkei gained within 0.5%.

US indices finished yesterday’s trading higher with S&P 500 gaining 0.41%, Dow Jones moving 0.53% higher and Nasdaq adding 0.46%. Small-cap Russell 2000 gained almost 0.6%

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