This is a Bank of Japan bond-buying operation that was scheduled for today
In the 3 to 5 year window the Bank offering to buy 330bn yen against the previous 300bn
Other 'windows' the amounts are the same as prior:
- 1-3 280bn
- 5-10 500bn
USD/JPY is little changed .... if it isn't going to pop on this the sellers look still very active in it.
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Nomura gave a heads up earlier on what they expected:
They had expected 350bn (against 300 prior), a bit more than what the BOJ has actually done (330bn).
