The Bank of Japan announced that it will conduct unplanned purchases of Japanese government bonds on Wednesday

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The Bank of Japan (BoJ) announced on Tuesday that it will conduct an unscheduled bond operation on Wednesday to purchase 300 billion yen ($2.0 billion) of Japanese government bonds (JGB) with maturities of 5-10 years and 100 billion yen of 10-year maturities. -25-year Japanese government bonds.

The 10-year JGB yield fell 0.5 basis points following the Bank of Japan’s announcement, while USD/JPY ignored the BoJ’s action and fell back to around 149.60.