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ASIA

Coming up in the Asia-Pac session on Tuesday:

USDCAD TECHS

Corrective Bounce

AUDUSD TECHS

Bearish Threat Following Friday’s Sell-Off

EURJPY TECHS

Finds Support Below The 50-Day EMA

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The Bank of Japan said on Tuesday it has decided to keep the frequency of government bond buying operations and the scale of each bond buying operation in December unchanged from November.

The BOJ will offer to buy JPY450 billion of JGBs with a remaining life of 1 to 3 years (four times), JPY450 billion of JGBs with a remaining life of 3 to 5 years (four times), JPY425 billion of JGBs with a remaining life of 5 to 10 years (four times), JPY150 billion of JGBs with a remaining life of 10 to 25 years (one time) and JPY50 billion of JGBs with a remaining life of more than 25 years (one time).

The BOJ said that the bank may change the frequency as needed, taking account of market conditions.