Forex news for Asia trading Friday 27 January 2017
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In other markets:
– Nikkei +0.23%
– Shanghai +0.31%
– HK -0.06%
– ASX+0.66%
The BOJ boosted the purchases of bonds due in 5-10 years from 410 billion yen to 450 billion yen. The move led to a fall in the 10 year JGB yield to 0.078%. Yesterday the yield moved to a high of 0.10% before coming back down. That was near the high yields in December. The yield in the benchmark bond has not traded above that level since the end of January 2016. The BOJ seems to be putting a lid on the yield on the benchmark 10 year at the 0.10%