Japanese Yen: BoJ path and JGB selloff – BNY
Par FXStreet Insights Team
Mis à jour: 13 May 2026
ARTICLES POPULAIRES
BNY’s Bob Savage notes Japanese 20-year yields have climbed to 1997 highs as JGBs track U.S. moves, with markets watching USD/JPY holding below 158. A record current account surplus and supportive comments from U.S. officials reinforce expectations for a BoJ rate hike in June.
BNY’s Bob Savage notes Japanese 20-year yields have climbed to 1997 highs as JGBs track U.S. moves, with markets watching USD/JPY holding below 158. A record current account surplus and supportive comments from U.S. officials reinforce expectations for a BoJ rate hike in June. The OECD projects overnight rates reaching 2% by end-2027, anchoring a gradual tightening path.
Higher yields bolster Japanese Yen outlook
"Japanese 20y bond yields have risen to 1997 highs, up 5bp to 3.495%."
"Japanese bonds tracked the U.S. move overnight, with a focus on JPY holding below 158 and the ongoing elevated oil prices."
"Japan’s current account surplus rose to a record for March, and U.S. Treasury Secretary Scott Bessent told PM Sanae Takaichi that Japan’s economic fundamentals were strong, both of which set the course for the BoJ to hike rates in June."
"The OECD sees overnight rates of 2% at the end of 2027."
"Japanese flows and U.S. bonds will be in the spotlight with the U.S. 30y auction today."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)
Plus d’un million d’utilisateurs se tournent vers FXStreet pour des données de marché en temps réel, des outils de graphiques, des analyses d’experts et des actualités Forex. Leur calendrier économique complet et leurs webinaires éducatifs aident les traders à rester informés et à prendre des décisions éclairées. FXStreet s’appuie sur une équipe d’environ 60 professionnels répartis entre le siège de Barcelone et diverses régions du monde.
Lire la suite
