Analysts at Barclays are out with their afterthoughts on the Bank of Japan’s (BoJ) decision to trim the Japanese Government Bond (JGB) purchases announced earlier today. Key Quotes: The yen response to the reduction in JGB purchases by the Bank of Japan today may allow the bank to further reduce purchases. It’s a victory for the BoJ, given the market consensus is that the bank can’t act as long as there’s wariness over yen appreciation. Yet the yen barely budged. The 5-10 year zone had stayed at the “emergency” 450b level and had to be reduced at some point. “The cut gave a nice adjustment catalyst as yields were facing downward pressures”. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/JPY moved above 109.00 even though BOJ trimmed JGB purchases FX Street 5 years Analysts at Barclays are out with their afterthoughts on the Bank of Japan's (BoJ) decision to trim the Japanese Government Bond (JGB) purchases announced earlier today. Key Quotes: The yen response to the reduction in JGB purchases by the Bank of Japan today may allow the bank to further reduce purchases. It's a victory for the BoJ, given the market consensus is that the bank can't act as long as there's wariness over yen appreciation. Yet the yen barely budged. The 5-10 year zone had stayed at the "emergency" 450b level and had to be reduced at some point. "The… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
