During the New York period on Tuesday (October 31st), the Japanese yen fell across the entire major currency, the exchange rate of the US dollar fell to a year low, and the exchange rate of the euro (1.0567, -0.0008, -0.08%) fell to 15 years.New low, to the British pound (1.2133, -0.0015, -0.12%), Swiss Swiss (0.9098, 0.0003, 0.03%) and the Australian dollar (0.6330, -0.0006, -0.09%).
The specific market shows that as of press time, the US dollar against the yen (151.33, -0.2800, -0.18%) was reported at 151.50, the highest in the day reached 151.73, the highest level since October last year.
The euro against the yen (159.94, -0.4000, -0.25%) is now reported at 160.17, with a maximum of 160.85 in the day, a new high since August 2008.
Specifically, as the Bank of Japan reported on Tuesday, as the previous media reported, it once again adjusted its "yield curve control" (YCC) plan: The upper limit of Japan's 10 -year Treasury yield will be based on 1%"reference".A big highlight of the monetary policy conference.
The Bank of Japan has redefined 1.0%as a "loose upper limit" rather than a strict limit; it has canceled a commitment to defend this level by purchasing unlimited bonds, that is, the central bank will "more flexibly" to implement purchases.Debt operation to lower the yield.
The analysis believes that the Bank of Japan has only "taken a small step" on the road of normal currency, and has not met the expectations of investors who are expected to have greater measures.When the Japanese media revealed the news on Monday, market participants once believed that the bank would take more obvious and powerful operations.
