FxWirePro: Daily Commodity Tracker - 21st March, 2022 
BOJ Signals Imminent Interest Rate Hike Amid Strengthening Economic Conditions 
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BOK Expected to Hold Rates at 2.50% as Housing and Currency Pressures Persist 
UK Raises Deposit Protection Limit to £120,000 to Strengthen Saver Confidence 
Fed Rate Cut Odds Rise as December Decision Looks Increasingly Divided 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Bank of Japan's (BOJ) newly introduced negative rate has sparked some consequences in Japanese government bond (JGB) issuance.
Ministry of Finance, Japan, announced today that due to falling yields, from February 5th, it will halt sale of certain type of 10 year Japanese government bonds to retail investors, municipalities and some other type of investors.
This practice is not new however. Back in January, due to drop in yield, ministry had already halted sales of five year bond to these investors. Investments in two year bonds were halted back in 2013. These bonds typically sold in smaller slices of ¥50,000.
From the market perspective, most of the effects from BOJ's easing is on its way to evaporate.
Before BOJ introduced easing, Yen was trading 118.8 per Dollar, after which it traded as high as 121.6 per Dollar but now it is back at 119.4.
Nikkei was trading around 17000, now it's back at 17200, after trading as high as 17900.
