Home Breaking: USD/JPY spikes above 108 on reports saying BoJ will remove bond buying limit

Breaking: USD/JPY spikes above 108 on reports saying BoJ will remove bond buying limit

Published date: 23 Apr. 2020 | 15:47

The USD/JPY pair gained nearly 60 pips in a matter of minutes after a report published on Nikkei claimed that the Bank of Japan was planning to remove the bond-buying limit and discuss unlimited bong-buying at its next monetary policy meeting.

As of writing, the pair, which touched a session high of 108.04, was trading at 107.86, adding 0.13% on the day.

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