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JGB jump underpins Treasuries.

CROSS ASSET

As per Bloomberg: "The Bank of Japan offered to buy an unlimited amount of bonds at a fixed rate,"

JGB, moved higher on the headline, and pushed the JPY lower, with USDJPY spiking 23 pips, from 115.61 to 115.84.

The BOJ offered to buy 10-year bonds at 0.25% on Feb. 14, according to a statement.

This is the first such operation since July 2018, as it sought to damp speculation about policy normalization. (Bloomberg)

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