Yen on defensive before BOJ; NZ dollar sinks
Japan's central bank said the policy board decided unanimously to review the operation of its yield curve control, which pins short-term yields at -0.1% and the long-term yield around zero, amid a decline in market function.
While it kept broad policy settings unchanged, it widened the allowable band for the 10-year JGB yield to 50 basis points either side of zero, from 25 basis points.The dollar had been slightly stronger versus the yen ahead of the policy announcement. Eyes will now be trained on BOJ Governor Haruhiko Kuroda's media briefing later in the day for additional hints about a pivot away from ultra-easy policy.========================================================
France Dernières Nouvelles, France Actualités
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