GBP/JPY skids below 162.00 even as BoJ Governor Nominee Ueda defends easy money policy – by anilpanchal7 GBPJPY RiskAppetite BOJ YieldCurve Crosses
That said, the Japanese government's nominee for the new central bank governor, Kazuo Ueda spoke in the lower house of parliament early Friday while stating that the BoJ’s current monetary easing is appropriate.Even so, the Japanese Yen gained across the board even as the Treasury bond yields retreat. The reason could be the market’s bracing for future hawkish moves.
Amid these plays, the 10-year Treasury bond yields mark a three-day downtrend near 3.87% by the press time, following a run-up to refresh a three-month high. Headlines suggesting China’s readiness to supply combat drones to Russia and the US Senators’ push to halt Chinese carriers overflying Russia on US flights seem to renew the market fears. With this, theremains dicey and the S&P 500 Futures print mild losses even as Wall Street closed with minor gains.
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