Published: 2024-05-13T04:37:24.000Z
USD/JPY flows: BoJ Purchase decrease and Kato's remark Affecting JPY
FX Analyst
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Japan's Kato says its natural that monetary policy will revert to positive interest rates
Bank of Japan has reduced the amount of 5-10yr JGBs purchased in its latest operation from 475bn JPY to 425bn JPY, comparing to last operation.
USD/JPY almost touched 156 earlier in the session. But headlines crossed the wire that Japan's Kato (potential prime minister candidate ) says its natural that monetary policy will revert to positive interest rates and BoJ decreased purchase in the latest JGB purchase operation had driven JGB yields significantly higher and support JPY for a few tad.
USD/JPY is trading 0.02% higher 155.77 after touching a session high of 155.96 and low at 155.49.