Yen dropping on this news of expanded JGB bys from the Bank of Japan
Buys 330 bn yen in the 3 to 5 years
- from 300 bn yen in the previous operation
... a few weeks ago we had the yen surge on news the Bank of Japan had cut its purchases of JGBs, this time they've done the opposite so its giving yen crosses a bit of a boost here ... I doubt it'll last too long though. the yen surge continued for a few weeks - this won't.
