Bank of Japan bought the smallest amount of JGBs in January since June last year

<p>The Bank of Japan said on Thursday
it bought 5.95 trillion yen ($40.6 billion) of Japanese
government bonds (JGBs) in January.</p><p>This is the smallest amount its purchased in a month since June last
year.
</p><p> The BOJ conducts bond-buying operations regularly to contain
sharp moves in JGB yields. The smaller amount is good news, at the margin, and is not impacting the yen noticeably.</p><p>*</p><p>USD/JPY update, not moving much during the session here:</p>

This article was written by Eamonn Sheridan at www.forexlive.com.