Some market participants urged the BoJ to increase buying of super-long bonds, or terminate tapering for that maturity given the current blowout. Most of them agree that slowing the pace of tapering could alleviate the stress at a time where debts are coming into greater focus. The recent comment from Japanese PM saying that their fiscal state is "worse than Greece" didn't help for sure.
The BOJ will review its quantitative tightening plan at its next policy meeting on June 16-17. If we start to see some intervention or talks of change in tapering, that could weigh on the JPY.
This article was written by Giuseppe Dellamotta at www.forexlive.com. Read More Details
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