BOJ Demonstrates Resolve and Riksbank Surprises
Marc Chandler
April 28, 2022
Overview: The BOJ underscored its commitment to
capping the 10-year yield at 0.25% and sent the yen reeling. The dollar
rose to JPY131, a new 20-year high. Sweden's Riksbank caught many
wrongfooted with a 25 bp hike to initiate the tightening cycle. The
krona shot up and is the strongest of the major currencies, rising about 0.65%
against …
BOJ Demonstrates Resolve and Riksbank Surprises
Reviewed by Marc Chandler
on
April 28, 2022
Rating:
