BOJ offers to buy 5-10yr JGB's in unlimited amounts, USD/JPY rebounds

Livesquawk reports latest headlines from the Bank of Japan (BOJ), stating that the central bank is offering to buy 5-10yr JGB's in unlimited amounts, however, at fixed-rate.

The headlines helped the USD/JPY pair to make a quick comeback above 113 handle, as the 10-year yields dropped rapidly to 0.108% from 0.15% seen following the reports of limited BOJ bond buying.