Investors Rush to Update Yen Playbook

The video discusses the yen's outlook for 2023, highlighting a shift from shorting to buying due to policy changes. It examines the impact of interest rate changes on Japanese Government Bonds (JGBs) and financial markets, noting a steepening yield curve. The video also addresses credibility issues in policy-making, with traders testing the limits of the Bank of Japan's (BOJ) policies, leading to questions about their commitment and potential market reactions.

What impact did the yield curve steepening have on Japanese financials?

What are traders questioning about the Bank of Japan's credibility?