BOJ’s JGB purchases today; USD/JPY looks vulnerable below 109.00

Dhwani Mehta FXStreet

The Bank of Japan (BOJ) said in a statement released last hour, via Reuters, it purchased JPY 100bn yen in under 1-year Japanese Government bonds (JGBS), JPY280bn in 1 to 3 year maturities and JPY 330bn in the 3 to 5 year time frame (same as in the previous operation).

The yen remains unfazed by the BOJ’s bond buying plans, keeping USD/JPY under pressure just ahead of 109 handle.

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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