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  • BOJ offers to buy unlmtd amt of JGBs (1 to 3yr maturity, yield 0.02% above prior close)

    From forexlive.com

    Bank of Japan announcing its first fixed-rrate operation to buy JGBs Offers to buy unlimited amounts of JGBs 1 to 3 year maturity at yield of 0.020% above previous close Surging USD/JPY on this Surging USD/JPY on this -- More: •This was the tool the BOJ introduced in September •First operation of it today •Seeks to control the yield curve •Two operations today, buying JGBs securities maturing in 1 to 3 years, and another for those of 3 to 5 years maturity

WTF!
  •  Guest
  • | IP XXX.XXX.234.244
of course of all days theyre gonna choose today.
  •  Guest
  • | IP XX.XXX.117.14
Nice to see the GBP/JPY, USD/JPY, and EUR/JPY all spike up just before the announcement hit the wires.
  •  Guest
  • | IP XX.XXX.40.236
BoJ buys more bonds -> USDJPY up -> DXY strengthens -> treasury yields go up -> DXY strengthens -> JGB yields go up -> BoJ buys more bonds -> USDJPY up -> DXY .... the circle of life continues until...KABOOM!
Quoting Guest
BoJ buys more bonds -> USDJPY up -> DXY strengthens -> treasury yields go up -> DXY strengthens -> JGB yields go up -> BoJ buys more bonds -> USDJPY up -> DXY .... the circle of life continues until...KABOOM!
its all fake paper...who cares..no body does anymore
BOJ First Unlimited Bond Buys Get No Bids After Yields Retreated

http://www.bloomberg.com/news/articles/2016-11-17/boj-announces-first-unlimited-bond-purchases-after-yields-jumped
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  • Story Stats
  • Posted: Nov 16, 2016 8:18pm
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 6  /  Views: 3,471