BoJ yield curve control to go global? The MUFG Global Markets Podcast

Tensions between the U.S. and China have weighed on USDJPY, while in other markets the improvement in risk sentiment has prevailed. With Japan’s State of Emergency lifted, Cabinet approval of a second supplementary budget and an increase in JGB issuance, USDJPY can be considered firm. However, our Chief Japan Strategist does not have a bullish bias so any breach of the 200-day moving average (108-109) would require further catalysts.

In this episode Takahiro Sekido, Chief Japan Strategist of Global Markets Research, MUFG Bank Tokyo discusses revisions to the Japanese government’s fiscal year 2020 budget, implications for financial markets, cross border flows and his view on the Yen, JPY rates and USDJPY basis.