The Bank of Japan (BoJ) announced on Monday that it offers to purchase JPY1.75 trillion worth of Japanese government bonds (JGBs).
Key details
JPY425Bln 1-3 year.
JPY500 billion 3-5 year.
JPY675 billion 5-10 year.
JPY150 billion 25+ year.
Market reaction
Amidst speculations of a potential BoJ yield policy move at Governor Haruhiko Kuroda’s final meeting on March 9-10, the Japanese yen is fighting back some control against the US Dollar. At the time of writing, USD/JPY is trading 0.12% higher at 134.32, retreating from daily highs of 134.54.
