The Bank of Japan have cut it purchases of JGBs
- The Bank bought 60bn yen of JGBs with a maturity of 25 - 40 years against the 70bn yen at the previous operation
- The Bank bought 180bn yen of JGBs with a maturity of 10-25 years against the 190bn yen at the previous operation
You may recall the first time the BOJ tapered (over a year ago) the yen strengthened. Then again the next time. After that we all got bored and now the yen does not do too much all (at the most recent taper to today the yen weakened …. bringing forth much LOLs).
Today … yen slight wiggle and that was it.
