Before I begin, thanks and h/t to JC in the comments on this post.

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Overnight from Bloomberg (gated), comments reported from a former BOJ executive director in charge of monetary policy, Kazuo Momma on the potential for an end to YCC in April (this month):

“There’s a possibility in April if you consider the current circumstances objectively,”

“Long-term yields won’t rise abruptly even if the YCC is scrapped” as long as the market environment continues to have little momentum for higher yields.

The report adds:

• any change to the YCC has to come without prior warning, a stance that was also indicated last week by Shinichi Uchida, the BOJ’s key policy architect.
• Momma didn’t rule out the possibility that the BOJ will decide to leave the yield curve control program unchanged at its April 27-28 gathering.

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Earlier post today on BOJ YCC:

• The BOJ gets a new Governor this week. Here are 2 ways the Bank can make changes to YCC

A dilution of BOJ ultra easy policy, such as ending YCC, should be a tailwind for yen.

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Ueda's first meeting as Bank of Japan governor is on April 27 and 28:

This article was written by Eamonn Sheridan at www.forexlive.com.

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