The Bank of Japan said on Thursday
it bought 5.95 trillion yen ($40.6 billion) of Japanese
government bonds (JGBs) in January.
This is the smallest amount its purchased in a month since June last
The BOJ conducts bond-buying operations regularly to contain
sharp moves in JGB yields. The smaller amount is good news, at the margin, and is not impacting the yen noticeably.
USD/JPY update, not moving much during the session here:
This article was written by Eamonn Sheridan at www.forexlive.com. Source