The yield on Japan’s 10 year JGB has risen to its highest since 2014 at 0.685%

On the 2-year yield is up 3bp to 0.03%.

USD/JPY was slammed earlier on:

  1. Bank of Japan Governor Ueda says his focus is on a ‘quiet exit’ reducing monetary easing
  2. USD/JPY indicating a big figure lower than Friday after ‘exit’ comments from BOJ Gov Ueda
  3. More on Bank of Japan Governor Ueda weekend comments sending USD/JPY 100 points lower

4.BOJ Gov. Ueda weekend remarks indicating BOJ focus will now be on “a quiet exit”

After a bit of a gap fill:

USD/JPY is off a touch again as JGBs take a hit.

Yen update:

Should be some more gap-fill to come.

This article was written by Eamonn Sheridan at Source