BOJ offers additional emergency bond buying operation

Bank of Japan (BOJ) once again announced to offer an additional emergency bond-buying operation, in a desperate attempt to defend the yield target.

Key details

BOJ offers to buy unlimited amounts of 10-year JGBs at 0.25% on June 16 and 17.

BOJ to continue to conduct additional bond buying as needed taking into account market moves.

Market reaction

USD/JPY was last seen trading at 137.76, down 0.51% on the day, tracking the renewed downside in the US dollar across its major peers.

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