BoJ announces bond-buying on an unplanned basis for the third day
The Bank of Japan (BoJ) announced on Friday that it conducted unscheduled bond purchases for the third day in the final trading week of 2022.
Key details (via Bloomberg)
“The BoJ offered to buy unlimited amounts of two-year notes at a yield of 0.04%, and five-year debt at 0.24%.“
“It also offered to purchase a total JPY700 billion ($5.3 billion) of one-to-10 year bonds, and JPY300 billion of 10-to-25 year debt.”
“It offered to buy unlimited quantities of 10-year securities and futures-linked securities at 0.5%.”
Market reaction
USD/JPY is trading deep in the red, despite the unscheduled BoJ bond-buying operation, as the end-of-the-year repatriation flows into the Yen drive the major. The spot is down 0.31% on the day at 132.53, at the press time.
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.
