• To buy 200bn yen in 1 – 3 year JGBs
  • To buy 300bn yen in 3 – 5 year JGBs
  • To buy 200bn yen in 10+ year JGBs

Should be perceived as a yen negative, but with USD/JPY seemingly on a 20-point yo-yo around 99.60 this morning its probably not going anywhere soon.