BOJ reduced its buying of JGBs in the 3-5 year range compared with prior operation

1 – 3 year buying, as before, 280bn yen
5 -10 year buying, as before, 450bn yen
But, in the 3 – 5 year range, bought 350bn yen cf 380 bn yen before

So that will be an input into the yen buying we’ve seen in Tokyo, enough to shake some lings at least. Note, though, the BOJ have told us they’d be reducing buying in the shorter time frame windows … this should not be a surprise.