BOJ has reduced purchases of JGBs with 25-40 years to maturity by JPY 10 billion

Omkar Godbole FXStreet Contributor

The news is crossing the wires via Bloomberg that Bank of Japan (BOJ) has reduced the purchases of Japanese Government Bonds (JGBs) maturing in 25 to 40 years to JPY 70 billion vs. JPY 80 billion previous.

The reduction in the purchases of the long duration bonds could put a bid under the Japanese Yen.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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