After losing nearly -10.00% over the last two months, the Yen is rising modestly after the Bank of Japan announced its commitment to buy an unlimited amount of bonds at fixed rates. The move comes as bond yields globally have risen in response to expectations of greater fiscal stimulus from the United States combined with the prospect of higher interest rates. As a result, Japanese bond yields have risen above the levels targeted by the Central Bank, requiring an intervention overnight as BoJ Haruhiko Kuroda promises not to bow to pressure from international markets. His strategy of yield curve control is intended to keep short-term borrowing costs low while allowing longer-term borrowing costs to rise in an effort to help the economy meet its inflation target. In the meantime, USDJPY is flat on the session after pulling back lower overnight.