OctaFX | OctaFX Forex Broker
Open trading account

BOJ buys a record of JPY 201.6 bln of ETFs, USD/JPY slips back below 109.00

According to a statement posted on its website, the Bank of Japan (BOJ) purchased a record high of 201.6 billion yen of Japanese stock exchange-traded funds (ETFs) on Thursday, per Reuters.

On Wednesday, the bank purchased 120.4 billion-yen (922.82 million pounds) ETFs to support the domestic stock markets amid the coronavirus-led economic disruption.

The BOJ said at its monetary policy on Monday, it would increase ETF purchases to up to JPY 12 trillion per year.

USD/JPY reaction

USD/JPY has been swinging up and down around the 109 handle, unable to hold near the three-week high of 109.55 reached in Asia, in the wake of a risk-off market profile amid looming coronavirus economic concerns. The Nikkei 225 index closed down over 1% earlier today.

The spot now trades at 108.85, up 0.75% on the day.

USD/CHF holds steady near monthly tops, above 0.9700 mark post-SNB

The USD/CHF pair traded with a mild positive bias and held steady above the 0.9700 mark, or monthly tops post-SNB monetary policy decision. The pair e
Read more Previous

Italy PM Conte: Lockdown measures over COVID-19 outbreak to be extended beyond current deadlines

In an interview with the Italian Corriere della Sera newspaper, Prime Minister (PM) Conte said Italy will remain under lockdown beyond previous deadli
Read more Next
Start livechat