BoJ announces bond-buying on an unplanned basis for the third day

The Bank of Japan (BoJ) announced on Friday that it conducted unscheduled bond purchases for the third day in the final trading week of 2022.

Key details (via Bloomberg)

“The BoJ offered to buy unlimited amounts of two-year notes at a yield of 0.04%, and five-year debt at 0.24%.“

“It also offered to purchase a total JPY700 billion ($5.3 billion) of one-to-10 year bonds, and JPY300 billion of 10-to-25 year debt.”

“It offered to buy unlimited quantities of 10-year securities and futures-linked securities at 0.5%.”

Market reaction

USD/JPY is trading deep in the red, despite the unscheduled BoJ bond-buying operation, as the end-of-the-year repatriation flows into the Yen drive the major. The spot is down 0.31% on the day at 132.53, at the press time.