BOJ bond buying data 2 February 2018

  • Offers to buy JGB’s at fixed rate with unlimited amount 5-10yr
  • Offers to buy at 0.110%

USDJPY jumps to 109.65 from 109.40.

The headline is more explosive than the fact. Yes, purchases are up in 5-10s but they’ve basically put themselves on the bid at 0.110%, and we haven’t traded there yet. They’re setting their stall out up there and asking the market “what do you want to do?”. That may limit gains in USDJPY.

Ryan Littlestone

Ryan Littlestone

Psychedelic chartist extraordinaire. Have your shades ready.
Philosophy: “Don’t be a Dick for a tick”

Read how Ryan got into trading here
Ryan Littlestone

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