BOJ: Will conduct unlimited fixed-rate purchase operations for 10-yr JGBs on March 29-31
|The Bank of Japan (BOJ) announced in early European morning this Monday, they will conduct unlimited fixed-rate purchase operations for 10-yr JGBs on March 29, 30 and 31.
The BOJ announced for the first-time plan to conduct a consecutive and unlimited bond-buying operation.
Read: BOJ makes second offer to buy unlimited amount of 10-year JGBs at 0.25%
Market reaction
The Japanese yen is seeing a fresh supply wave on these headlines, driving USD/JPY to fresh six-year highs at 123.69, where it now wavers. The pair is up 1.28% on the day.
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