BOJ buys more JGBs today than at prior operation

Buys more in 1 to 3 and in 3 - 5 years to maturity

Was a time that changes in amounts purchased got FX a bit excited. Mind you, they were reductions in purchases, not lifts.

And, there is a big but around this move today …which is the bank has scheduled fewer buying operations, so a lift in purchases at this one is not indicative of any change in policy (a slight reduction is expected overall this month, see below)

• BOJ offers to buy 350 bln yen of JGBs in the with 3-5 years to maturity (vs. 300 bln previously)
• Offers to buy 300 bln with 1-3 years to maturity (250 bn yen prior)
• The BOJ buying in 1-5 year bonds to fall to 3.25 trln yen in September from 3.3 trln yen in August if it maintains purchase size throughout September