BoJ conducted unplanned bond-buying twice on Thursday

Reuters reported on Thursday that the Bank of Japan (BoJ) has announced an unplanned bond purchase operation for the second time in a day.

Earlier on, it was reported that the Japanese central bank will purchase emergency bonds.

The BoJ offered to buy unlimited amounts of two- and five-year notes at a fixed yield and also JPY 600 billion yen of one-to-10-year bonds on top of a daily offer to buy 10-year debt at 0.5%, Reuters noted.

Market reaction

USD/JPY remains little affected by the BoJ’s operations, shedding 0.60% on the day at 133.68. Risk-off flows dominate and boost the safe-haven demand for the Japanese Yen amid the end-of-the-year thin market conditions.