BOJ buying JGBs:
- 250 bn yen 1 – 3 year maturity
- 350 bn yen 3 – 5 yrs
- 400 bn yen 5- 10 yrs
This is more buying from the BOJ as part of their massive easing program announced in early April.
ps. As I type, USD/JPY is making another attempt at 99.00, but that level still has (barrier) option-related selling defending it. I’m punting that the dam breaks and we get through 99.00