Bank Of Japan Announces Unplanned Bond Purchase Operation

118

The Bank of Japan (BoJ) announced on Monday that it would conduct an unplanned bond operation, offering an agreement to purchase 3 trillion yen bonds (JGB), starting on Tuesday and ending on Thursday.

Market Reaction

The Japanese yen was barely affected by the Bank of Japan’s announcement. At press time, USD/JPY was trading at 149.20, up 0.45%.