The Bank of Japan has a scheduled JPG buying operation today
- 5-10 years, 10-25 years, 25+ years maturities
That is coming up at 0110 GMT. A couple of weeks ago the Bank trimmed its purchases of longer dated government bonds, which was a catalyst for yen gains since (until 110 held this week, so far).
ICYMI:
Tuesday January 9
- Bank of Japan cuts its purchases of JGBs today
- USD/JPY selling off - follows BOJ reducing JGB purchase amount
- 'Minor tweak' from the BOJ and the yen gain, but just wait until the real thing
- The spike in JPY today only a taste of what is to come when the BOJ removes stimulus
Wednesday January 10
- USD/JPY on the move again, close to its overnight lows now
- And now a word from Albert Edwards ... possible BOJ surprise tightening
- ForexLive Asia FX news wrap: Yen gains a little more
Eyes will be on the buying today although it seems expectations are for an 'unchanged'
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OK, back to the calendar.
Due at 2130 GMT from New Zealand - BusinessNZ Manufacturing PMI for December
- prior 57.7
