BOJ Intervenes as U.S Treasury Yields Spike to Yearly Highs

The BOJ intervened today "Yentervention" as Treasury Yields spike to the highest in little of a decade. Previous commentary was given to explain the BOJ's position in this central bank game of chess (https://www.frinkcapital.com/post/japan-will-rattle-global-markets). The "Yentervention" happened around U.S opening session as the USD/JPY reached $150ish key levels.

The USD/JPY retraced to key support around 148.75ish levels.

We could see further "Yentervention" and continued volatility across U.S equity markets are U.S Treasury Yield rise sending bond prices lower. Let's see how the 🎲 roll leading into the New Year.

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