The Bank of Japan (BOJ) announced that it will conduct consecutive unlimited fixed-rate purchase operations for Japanese Government Bonds (JGBs).
The Japanese central bank will conduct consecutive unlimited fixed-rate purchase operations for 10-year JBGs at 0.25% on April 27 and 28.
The BOJ offered to buy unlimited amounts of 10-year JBGs at 0.25%.
Market reaction
USD/JPY has returned below 128.00, with the latest headlines supporting the demand for the yen alongside a cautious market mood.
At the time of writing, the pair is trading at 127.82, down 0.23% on the day.
