BOJ has cut the amount of 25+ year JGB purchases by Y10bn to Y50bn today
The previous QE operation where the Bank of Japan bought 25+ year JGBs they bought Y60bn
Trimmed that back a little at today's operation
The quiet tiny taper continues despite the BOJ missing its inflation target.
Yen response to these tiny tapers is minimal. Its a headline when they do, but greeted with a yawn. Which is what the BOJ likes. They are on course for continued very small tapering of policy steps. their public commentary continues to be 'powerful' easing, and I reckon anyone would be hard pressed to call it otherwise despite the tiny cuts.