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USDJPY TECHS

Bear Threat Remains Present

EURGBP TECHS

Key Short-Term Support Remains Exposed

EUROZONE ISSUANCE

EGB Supply W/C 28 November (2/2)

EUROZONE ISSUANCE

EGB Supply W/C 28 November (1/2)

BTP TECHS

(Z2) Bullish Trend Conditions

EUROZONE T-BILL ISSUANCE

W/C 28 November, 2022

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     TOKYO (MNI) - The Bank of Japan (BOJ) on Friday increased the scale of its
purchase of Japanese government bonds with a remaining life of 1-3 years and 3-5
years as the BOJ changed the guideline of its monthly bond buying operation.
     The scale of JGB buying with a remaining life of 1-3 years was increased to
Y350 billion from Y300 billon at a similar operation on Tuesday and the scale of
bond buying with a remaining life of 3-5 years was also increased to Y400
billion from Y350 billion on Tuesday.
     The sale of JGB buying with a remaining life of 5-10 years was left at Y450
billion.
     On Wednesday, the BOJ has said that it reduced the frequency of medium-term
JGB buying operations to four times in November from five in October.
     The BOJ increased a range of bond buying with a remaining life of 1-3 years
to between Y250 billion and Y450 billion from a range of Y200 billion to Y400
billion.
     A range of JGB buying with a remaining life of 3-5 years was also increased
to between Y300 billon and Y500 billion from a range of Y250 billion to Y450
billion.
     Wednesday's decisions were aimed at improving the functioning in JGB
markets as bond prices have been moving in a tight range on the back of the
BOJ's massive bond buying.
--MNI Tokyo Bureau; tel: +81 90-2175-0040; email: hiroshi.inoue@marketnews.com
--MNI Beijing Bureau; +86 10 8532 5998; email: william.bi@mni-news.com
[TOPICS: MMJBJ$,M$A$$$,M$J$$$,M$$FI$,MN$FI$]

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