BoJ conducted unplanned bond-buying twice on Thursday

Dhwani Mehta FXStreet

Reuters reported on Thursday that the Bank of Japan (BoJ) has announced an unplanned bond purchase operation for the second time in a day.

Earlier on, it was reported that the Japanese central bank will purchase emergency bonds.

The BoJ offered to buy unlimited amounts of two- and five-year notes at a fixed yield and also JPY 600 billion yen of one-to-10-year bonds on top of a daily offer to buy 10-year debt at 0.5%, Reuters noted.

Market reaction

USD/JPY remains little affected by the BoJ’s operations, shedding 0.60% on the day at 133.68. Risk-off flows dominate and boost the safe-haven demand for the Japanese Yen amid the end-of-the-year thin market conditions.

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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