BoJ announces unscheduled bond buying operation

On Wednesday, the Bank of Japan (BoJ) announced an unscheduled bond-buying operation.

In doing so, the Japanese central bank offered to buy JPY200 billion worth of Japanese Government Bonds (JGBs), including JPY100 billion 3-5 Year and JPY100 billion 5-10 Year.

Market reaction

USD/JPY is little affected by the BoJ announcement, keeping its range at around 132.25, up 0.40% so far.