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More monetary acrobatics by the BOJ.. $USD $JPY The 10-year yield on JGBs spikes up to ~1% and the Dollar/Yen surpasses 150 once more as the BOJ signals more YCC (yield curve control) loosening. Ueda downplays chance of abandoning the YCC or -ve interest rates (as expected). Their excuse/rhetoric is that they don't let interest rates loose because they have not seen convincing evidence about inflation moving to target and staying there. Meanwhile they are buying back JGBs in droves, monetising Japan's massive sovereign debt pile in the process. I closed my USD/JPY long early October as

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