BoJ offers to buy unlimited amount of bonds on Tuesday
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
The Bank of Japan (BoJ) announced on Tuesday that it bid to buy an unlimited amount of 5-10 year maturity Japanese government bonds (JGB).
Off late, it has been the BoJ’s regular daily operation to buy JGBs, in a persistent attempt to bring the yields down.
Markets are paying a little heed to the BoJ bond-buying ahead of Wednesday’s policy announcements, which is likely to be the main event risk of this week.
The USD/JPY pair is trading at 128.69, adding 0.13% on the day, at the time of writing.
[/s2If]
Join Our Telegram Group
