According to the Bank of Japan (BOJ) disclosure, the Japanese central bank purchases JPY70.1 billion ($637.3 million) worth of exchange-traded funds (ETF), its first purchase since April 21.
The BOJ’s move comes after Japan's Topix fell nearly 2.50% on Monday, recording its biggest drop since February.
Read: Asian Stock Market: Japan’s Nikkei 225 leads the bears as US T-bond yields slump
Market reaction
USD/JPY stalled its rebound and fell back below 110.00 on the BOJ’s disclosure, as the yen gained strength after the central bank comes to the rescue of the local stock market.
The spot was last seen trading at 109.94, down 0.22% on the day.
