✅ The Bank of Japan immediately intervened in the government bond market. When 10-year government bond yields rose above 0.6%, the Bank of Japan immediately carried out a temporary operation to buy 300 billion yen of government bonds. By adhering to the mitigation route, #ドル円 quickly depreciated the yen. It continues to rise even now. Restraint is necessary to protect YCC. But the yen will depreciate. That's it.