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BOJ Is Willing To Buy An Unlimited Number Of 5- And 10-Year JGBs

The Bank of Japan (BOJ) promised to buy limitless sums of 5- and 10-year Japanese Government Bonds on Monday after keeping its monetary policy settings unchanged on Friday, despite increased requests for hiking the yield limitation (JGBs).



By doing so, they are able to keep the 10-year rate cap at 0.25 percent.

Risk aversion and the BOJ's operation have pushed the USD/JPY below 135.00. As of this writing, the pair is trading at 134.82, down 0.09 percent on the day.

The Market Reaction 

Risk aversion and the BOJ's operation are pushing the USD/JPY below 135.00. As of writing, the pair is at 134.82, down 0.09 percent for the day.

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