BoJ offers to buy JPY1.75 trillion worth of JGBs on Monday

Dhwani Mehta FXStreet

The Bank of Japan (BoJ) announced on Monday that it offers to purchase JPY1.75 trillion worth of Japanese government bonds (JGBs).

Key details

JPY425Bln 1-3 year.

JPY500 billion 3-5 year.

JPY675 billion 5-10 year.

JPY150 billion 25+ year.

Market reaction

Amidst speculations of a potential BoJ yield policy move at Governor Haruhiko Kuroda’s final meeting on March 9-10, the Japanese yen is fighting back some control against the US Dollar. At the time of writing, USD/JPY is trading 0.12% higher at 134.32, retreating from daily highs of 134.54.

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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