BoJ offers to buy unlimited amount of bonds on Tuesday

The Bank of Japan (BoJ) announced on Tuesday that it bid to buy an unlimited amount of 5-10 year maturity Japanese government bonds (JGB).

Off late, it has been the BoJ’s regular daily operation to buy JGBs, in a persistent attempt to bring the yields down.

Markets are paying a little heed to the BoJ bond-buying ahead of Wednesday’s policy announcements, which is likely to be the main event risk of this week.

The USD/JPY pair is trading at 128.69, adding 0.13% on the day, at the time of writing.