Bank of Japan Long Term Yield Target, Increased ETF Buying Policy Changes

The Bank of Japan delivered its Statement on Monetary Policy and made policy changes as rumored, changing the long term yield target, flexible guidance and is maintaing low rates for ‘a very long period of time’ with the aim of a sustainable stimulus..

Bank of Japan Looking at Policy Changes For Inflation and Sustainable Stimulus

The Bank of Japan frustrated with stubborn low inflation is actively looking to revamp policy before it’s July meeting Reuters is reporting sources saying. Changes to its interest-rate targets and stock-buying techniques are on the table with the aim of a sustainable stimulus..

Koruda Gets 5 More Years at Bank of Japan To Get Elusive 2% Inflation

Haruhiko Kuroda was reappointed for another five years as Governor of the Bank of Japan Friday in Japan’s National Diet lower house. Koroda is a sprightly 73 and been in the job since 2013. The move was expected and contunes more of the same for Japan.

Yen Gains Continue Fueled By Shorts, Geopolitical Risks

The latest move from the yen comes as no surprise as we wrote about yen shorts building with $JPY short positions are at their highest since 2014. The herd has been caught again, part of it is the U.S. traders obsession with the dollar index rather than the currency itself.