May 17, 2024 01:19 GMT
Yen Weakens, JGB Futures Rise As BoJ Bond Buying Ops Unchanged
JAPAN
USD/JPY has pushed higher post the BoJ leaving its bond buying ops unchanged. There was speculation we could see a further cut after Monday's reduction. The pair was last near session highs at 155.80/85, around 0.30% weaker in yen terms. Note May 14 highs came in at 156.74. Broader USD sentiment is also firmer, so that is likely weighing on yen as well.
- JGB futures have also risen. We were last 144.13, -.14. Session highs came at 144.18, post the BoJ announcement.
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