BOJ increases purchases of 10-25-year JGBs to JPY 120bn

Dhwani Mehta FXStreet

At its routine bond market operation on Monday, the Bank of Japan (BOJ) increased their buying amounts of the 10-25-year maturity Japanese Government Bonds (JGBs) to JPY120 billion.

The Japanese central bank kept the buying of 25+-year JGBs steady at JPY30 billion.

At the previous operation for 10-25-year JGBs the BOJ bought JPY100bn.

JPY under pressure

The selling interest around the yen seems to have picked up pace on the above news, lifting USD/JPY to a fresh session high near 109.80, where it now wavers.

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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