European Stocks Rise as Markets Await Key U.S. Inflation Data 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
BOJ’s Noguchi Calls for Cautious, Gradual Interest Rate Hikes to Sustain Inflation Goals 
BOJ Governor Ueda and PM Takaichi Set for Key Meeting Amid Yen Slide and Rate-Hike Debate 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
Japan’s Inflation Edges Higher in October as BOJ Faces Growing Pressure to Hike Rates 
The actions taken by the Bank of Japan (BoJ) yesterday shows that the central bank remains committed to its experimental monetary policy of yield curve control and we at FxWirePro believe that it would continue that way as this tool could be the way out for the bank from its record monetary easing. As of now, the Bank of Japan (BoJ) has announced the target yield level for 10-year bonds around zero percent, which we suspect would be moved higher as inflation progress.
Yesterday, as the 10-year yield moved closer towards 0.1 percent mark, the BoJ offered to buy 200 billion yen bonds with remaining maturities of 10-25 years. This was an upgrade of 10 billion yen compared to the previous auction of 190 billion yen on December 9th. In addition to that, the central bank seems to be stressing on the higher end of the yield. It offered 120 billion yen worth of bonds with maturities of 25 years or more. This was again ¥10 billion upgrade from the previous auction.
In response, the yields on longer maturities bond declined and 10-year yield moved closer towards zero. The 10-year yield is currently trading at 0.06 percent and 30-year bond yield trading at 0.74 percent.
