Business
Financial institution of Japan (BoJ) launched on Tuesday that it would conduct an unscheduled bond operation on Wednesday, offering to aquire JPY300 billion yen ($2.00 billion) in Japanese governemnt bonds (JGBs) with maturities of 5 to 10 years and 100 billion yen value with maturities of 10-25 years.
Business Market reaction
In response to the BoJ announcement, The ten-12 months JGB yield declined 0.5 foundation options whereas the USD/JPY pair shrugged off the BoJ action and eased to near the 149.60 region.
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