Fx Primus Rebates

Bank of Japan cuts its purchases of JGBs today

BOJ JGB buying – Buys JPY 190 bln of 10 – 25 Year JGBs in today’s operation, compared to 200bn yen last time – And buys JPY 80 bln 25+ Year, compared to 90bn last time This’ll be called ‘tapering’. but the BOJ is targeting YCC now, not purchase amount targets so its not a…