The Bank of Japan offered to buy an unlimited amount of government bonds
- At 0.11% for the 10 years
But .... no bids.
Earlier:
- More (again) on USD/JPY higher as Bank of Japan boosts bond buying
- USD/JPY on the move, ticking a wee bit higher
- When the Bank of Japan did make their announcement, USD/JPY gained further
- More on the BOJ JGB buying
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The Bank of Japan introduced its YCC program in September last year
- Since then there have been 3 fixed rate operations
