The Bank of Japan (BOJ) announced on Wednesday that it will ramp up purchases of Japanese government bonds (JGBs) at its regular open market operations (OMO).
The central bank said that it will offer to buy JPY550 billion of 5-10 year bonds, increasing them from JPY500 billion in the previous round.
Additional details
BOJ offers to purchase 150bln yen of 1-year JGBs.
BOJ offers to purchase 475bln yen of 1-3 year JGBs.
BOJ offers to purchase 475bln yen of 3-5 year JGBs.
Market reaction
USD/JPY is consolidating the latest upsurge around 143.25, adding 0.32% on the day. The pair hit fresh 24-year highs at 143.59 in early Asia, tracking the US Treasury yields rally.
