🔴 Japanese bond yields hit record levels and the yen declines

🔴 The yield on 10-year Japanese bonds jumped to 2.010%, the highest since 1999, while the 20-year yield reached a record level of 2.965%.

🔴 The Bank of Japan confirmed its commitment to raising interest rates if the economy and prices continue to improve in line with its current forecasts.

🔴 Despite rising yields, the British pound rose against the yen by 0.79% to reach 209.69, the highest level since August 2008.

📌Impact of the news: Rising yields pressure Japan's budget, while the yen's weakness against the pound reflects the ongoing gap in international monetary policies$EUR