What BOJ Ending Yield-Curve Control Could Mean for Global Bonds and Japanese Equities
Between April 1995 and August 1998, the yen (JPY) fell by nearly 50% versus the U.S. dollar (USD). It then reversed course, gradually at first, and then suddenly. In a 48-hour period between October 6- 8 in 1998, JPY gained 17% versus USD.
