Will BOJ Tweak Yield Control This Month?

The transcript discusses the dynamics of the yen's momentum, influenced by dollar weakness and potential changes in Japan's yield curve control. A local media report suggests the Bank of Japan (BOJ) might revise its inflation forecast above 2%, sparking market excitement. Traders speculate on a shift in the yield curve pivot point from the 10-year to the 5-year sector, leading to significant market movements. The yen is performing well, and Japanese bonds are experiencing sell-offs, indicating traders' anticipation of policy changes by the BOJ at the end of the month.

What changes are traders anticipating regarding the yield curve control?

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What is the significance of the trading activity leading up to July 28th according to the discussion?

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