BOJ scheduled QE operation today (buying JGBs)
Yen up a few tics on this. A bit of a knee jerk and an excuse to cut out a few USD/JPY longs.
The reduction in rinban purchases will be argued by some as indicating a change in QE policy from the BOJ. A long bow to draw indeed, but there you go.
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Update …. USD/JPY up now, taking out the overnight high
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