Its been active in the yen with the Bank of Japan in the market with an aggressive JGB buying offer
- BOJ said it'd buy an unlimited amount in a fixed-rate bond-purchase operation
- Its first since February of this year
- The yield on the 10 year JGB had risen to 0.105% earlier in the Japanese morning, and the BOJ stepped in to put a lid on the rise in yield (the bank
- BOJ offered to buy JGBs with maturities of more than five years to 10 years,
- BOJ aims to keep the 10-year yield at around 0% for its yield curve control policy
Either news leaked that the BOJ were about to step in, or traders thought it ws likely, as USD/JPY rose an hour or so before the BOJ announcement:
- USD/JPY on the move, ticking a wee bit higher
When the Bank of Japan did make their announcement, USD/JPY gained further
USD/JPY now:
