In a statement released on Wednesday, the Bank of Japan (BOJ) said it will conduct fixed-rate purchase operations for cheapest-to-deliver 357th Japanese government bonds (JGBs) notes for an extended period of time from September 1.
Fixed-rate purchase operations for 356th 10-year JGBs to be conducted for consecutive days through Sept 20.
Decides to relax terms, and conditions for securities lending facility for cheapest-to-deliver JGB notes.
To increase the upper limit on consecutive-day purchases of cheapest-to-deliver issues to 75 business days from the current 50 days.
Relaxed terms, conditions to take effect from Sept 1.
USD/JPY is holding steady around 138.75, showing little to no reaction to the above headlines.