BoJ announces a second unplanned bond purchase operation on Friday

Dhwani Mehta FXStreet

On Friday, the Bank of Japan (BoJ) resorted to a second unplanned Japanese Government Bonds (JGB) purchase operation.

Also read: BoJ announces unplanned bond-buying on Friday

Key details

BoJ offers to buy 100 billion yen in 3-5 year JGBs.

BoJ offers to buy 200 billion yen in 5-10 year JGBs.

BoJ offers to buy 100 billion yen in 10-25 year JGBs.

BoJ offers zero-interest loans to banks in order to cap yields.

Market reaction

USD/JPY was last seen trading at 129.22, modestly flat on the day.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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