BOJ maintains JGB buying, JPY drops further

Dhwani Mehta FXStreet

At its routine bond buying operation conducted on Wednesday, the Bank of Japan (BOJ) maintains 1-3-year Japanese Government Bond (JGB) buying at 350B Yen while 3-5-year JGB buying was also maintained at 400b yen.

The USD/JPY pair caught a fresh bid wave and jumped to daily highs at 107.42, tracking the renewed strength in the US dollar index and 10-year Treasury yields, as less dovish comments from the FOMC dove Bullard continue to underpin.

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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