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

An earlier post on rising JGB yield today, for context:

• The yield on the 10 year Japanese Government Bond has hit its highest since April 2014

Bank of Japan Governor Ueda widened the tolerance band for the 10-year to 1% around zero from 0.5%.

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