Bank of Japan increases amount at regular bond buying operation

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Bank of Japan increases amount at regular bond buying operation

<p>The Bank of Japan boosted its plans to buy bonds in the 5-10 year tenor to 650B yen, up 550B. The 3-5 year tenor is up to 575B from 475B. The fixed-rate bids remain in place as well.</p><p>This highlights the pressure that bonds are under, but also highlights that the BOJ isn't about to give up on yield curve control. I see it as a green light to buy USD/JPY but with the pair up 12 days in a row, there are major risks from the ministry of finance.</p><p>The pair was last up 4 pips to 150.18.</p>

                This article was written by Adam Button at forexlive.com.

Source: Bank of Japan increases amount at regular bond buying operation

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