<p style=““ class=“text-align-justify“>The drop is also weighing on bond yields elsewhere, with 10-year Treasury yields also down 2 bps to 3.645% on the day. For now, it looks like the BOJ is managing to keep a hold of the new red line that was drawn this week at 0.50%. But let’s see how things unfold once we get past the holiday season and the turn of the year.</p><p style=““ class=“text-align-justify“>The constant run up by the market against the previous red line at 0.25% for months eventually proved too hot to handle for Kuroda & co. so they might have to face up against such pressures again soon enough.</p>

This article was written by Justin Low at www.forexlive.com.