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At its routine operation on Monday, the Bank of Japan (BOJ) reduced its buying of 10-25 years Japanese government bonds (JGBs) to JPY 140 billion from the JPY 160 billion purchase seen on Friday.

Meanwhile, the other purchases of the remaining 25+ years JGBs were left unchanged at JPY 40bn.

On the above BOJ’s operation, the Japanese yen showed a little reaction, as USD/JPY kept its range around 106.15 region. The spot bounces-off a dip below the 106 handle, despite risk-off market profile.