BOJ: Will conduct unlimited fixed-rate purchase operations for 10-yr JGBs on March 29-31

Dhwani Mehta FXStreet

The Bank of Japan (BOJ) announced in early European morning this Monday, they will conduct unlimited fixed-rate purchase operations for 10-yr JGBs on March 29, 30 and 31.

The BOJ announced for the first-time plan to conduct a consecutive and unlimited bond-buying operation.

Read: BOJ makes second offer to buy unlimited amount of 10-year JGBs at 0.25%

Market reaction

The Japanese yen is seeing a fresh supply wave on these headlines, driving USD/JPY to fresh six-year highs at 123.69, where it now wavers. The pair is up 1.28% on the day.

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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