Free Trial

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.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.