The Bank of Japan (BoJ) announced that it conducted bond-buying in its routine daily operation on Wednesday.
“BoJ offers to buy 500 bln yen in 1-3 yr JGBs.”
“BoJ offers to buy 500 bln yen in 3-5 yr JGBs.”
“BoJ offers to buy 575 bln yen in 5-10 yr JGBs.”
USD/JPY is holding higher ground near 130.50, adding 0.19% on the day. The pair shrugs off weak US Treasury yields.
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