Thursday , 12 December 2024
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Bank of Japan to conduct an unscheduled bond buying operation

USD/JPY popping higher. The Bank of Japan will conduct an unscheduled bond operation

  • offering
    to buy 3 trillion yen of bonds (JGBs) in an agreement
    starting on Tuesday and ending on Thursday

Earlier today we had data from Japan that is not suggestive of a central bank policy tightening:

And yet, media reports continue to pile in, this from the weekend:

Is this guy going to pull the rug again?

This article was written by Eamonn Sheridan at www.forexlive.com.

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