Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
RBA Signals More Rate Hikes Possible as Australia Battles Stubborn Inflation 
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As announced in today's monetary policy meeting, Bank of Japan (BOJ) will extend its JGB portfolio duration and that is having its intended effect in Japanese government bond (JGB) market.
Yen has defied weakness over Bank of Japan's (BOJ) move due to small size of the increase in additional purchase, $300 billion per annum or just about 0.375% of current purchase size. However the tweak in bond market is substantial, since the tweak change course of buying under current ¥80 trillion per annum.
Yield curve has flattened post decision and Japanese bonds rallying.
10 year, Japanese government bond yield, is down close to 5%, trading at 0.28% and 5 year yield is down close to 7%. Two year yield is down -6.5% today trading at -0.03%. 30 year yield is down -2.8%, trading at 1.3%.
While Yen and Nikkei are broadly defiant over the move, party is on in the bond market.
