Yen climbs as BOJ move fuels tightening speculation
London
THE yen reached a five-day high on Tuesday, after the Bank of Japan (BOJ) trimmed its purchases of long-dated government bonds in market operations, stoking speculation the central bank could start to wind down its huge stimulus policy this year.
Since it adopted its yield-curve-control policy in 2016, the BOJ has occasionally tweaked its bond operations, with officials saying any changes are meant to keep bond yields in line with its policy goal …
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