BoJ conducts bond-buying operation on Wednesday

The Bank of Japan (BoJ) announced that it conducted bond-buying in its routine daily operation on Wednesday.

Key details

“BoJ offers to buy 500 bln yen in 1-3 yr JGBs.”

“BoJ offers to buy 500 bln yen in 3-5 yr JGBs.”

“BoJ  offers to buy 575 bln yen in 5-10 yr JGBs.”

Market reaction

USD/JPY is holding higher ground near 130.50, adding 0.19% on the day. The pair shrugs off weak US Treasury yields.