Bank of Japan cuts its JGB buys in 5-10 years

At the scheduled Japanese Government Bond buying operation today

At the previous auction for this time left to maturity (5 to 10 years) the Bank bought 430bn yen of government bonds. Today its a 410bn yen purchase

The yen is weakening a few tics! In the good old days (maybe a year ago?) news the BOJ was cutting its purchases would see the yen strengthen.

Yeah …. today …. not

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