BOJ buys JPY 100bn JGBs of 3-5 year and 5-10 year maturity

Dhwani Mehta FXStreet

The Bank of Japan (BOJ) announced on Tuesday, it offers to buy JPY 100bn worth of Japanese Government Bonds (JGBs) of 3-5 years and 5-10 years maturity.

This comes after the central bank increased the pace of the ETF purchases to tackle the coronavirus-led economic fallout.

USD/JPY reaction

USD/JPY extends its rebound above 107.00 amid a sharp recovery in the risk sentiment, with S&P 500 futures up nearly 4%.

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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