Japan's 10-year JGB yield off early highs after report BOJ to keep policy unchanged

TOKYO, April 28 (Reuters) - Japan's 10-year government bond yields were off early highs on Friday, after the local media reported that the Bank of Japan is seen keeping its yield curve control (YCC) policy unchanged at its policy meeting ending later in the day.

The 10-year JGB yield was last at 0.465%, after rising as high as 0.480% earlier in the session. It closed at 0.460% on Thursday.

Benchmark 10-year JGB futures trimmed losses, falling 0.26 yen to 147.77, after falling to as low as 147.42.

The BOJ is likely to forgo modifying its YCC policy at the two-day policy meeting, the Nikkei newspaper reported The BOJ will also discuss revising its forward guidance on its future policy path and conduct an examination of its past monetary easing steps, the report said without citing sources.

Since assuming the office, BOJ's new governor Kazuo Ueda repeatedly said it was appropriate to maintain the central bank's ultra-loose monetary policy as inflation has yet to hit 2% as a trend.

(Reporting by Junko Fujita in Tokyo; Editing by Rashmi Aich)

Reuters

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

off-the-wire

Japan's 10-year JGB yield off early highs after report BOJ to keep policy unchanged

By Reuters

Reuters

Reuters

Gold is never going back to $2,000: 'That's history,' prices to 3x from here – Peter Schiff

‘Biggest economic shift since Nixon’: Major U.S. monetary policy changes coming in 12-36 months – Jack Mallers

India joins South Africa in denying BRICS currency plans after Trump’s 100% tariff threat

Solid price gains for gold, silver after busy news weekend

Bitcoin remains a ‘speculative vehicle’ and ‘won’t work’ as a reserve: ‘I prefer gold’ – Ray Dalio

off-the-wire

Japan&apos;s 10-year JGB yield off early highs after report BOJ to keep policy unchanged

By Reuters

Reuters

Reuters

Japan's 10-year JGB yield off early highs after report BOJ to keep policy unchanged