From M&G's debt watchers:
Here is Citi's probability table for yen reaction to any YCC changes. Big moves in USD/JPY whatever happens in their view... pic.twitter.com/JULdbASMFr
— Bond Vigilantes (@bondvigilantes) January 17, 2023
....MORE (thread)
Always keeping in mind the difference between a bond and a bond analyst:*
A bond matures.
*(fund manager, RIA, broker et al)