The BOJ is at it again, making changes to its JGB-buying operations
This would have been welcome news for yen bulls but the market has come to terms that the BOJ tends to tweak the purchase amounts as and when it sees fit to stay in control of its yield curve control policy. They have been doing so since the start of the year.
In short, the frequency of purchases for some JGBs are cut as the purchase sizes are increased instead.
The yen is still holding firm on the day with USD/JPY trading near the lows at 110.72 currently with EUR/JPY at 129.36 and GBP/JPY at 144.15.
