BOJ to increase size of JGB purchases across all its maturities
|The Bank of Japan (BOJ) announced on Tuesday that it will increase the size of its Japanese Government Bond (JGB) purchases across all its maturities in its routine daily buying operation.
Key details
In the 1-3, 3-5, 5-10 years left until maturity window.
1 - 3 year buys increased to 340bn yen from 320 bn previous operations.
3 - 5 to 300bn yen from 280bn.
5 -10 to 370bn yen from 350bn.
Market reaction
USD/JPY jumped to fresh daily highs of 107.35 on the above announcement, although remains in familiar ranges above the 107 handle.
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