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Japanese Yen Eases Amid Uncertainty Over BoJ Extending Policy-tightening Spell
Daily digest market movers: Japanese Yen weakens despite subdued USD.
The depreciation of the yen is under pressure, and the Bank of Japan proposed a “reduction in the scale of debt purchases” to boost the yen
This is the first time since December last year that the scale of bond purchases has been cut; analysts believe that reducing the scale is an important way to deal with the fall in yen.
Bank of Japan cuts scale of routine bond purchase operations as yen comes under pressure
The Bank of Japan is seeking to reduce its presence in the bond market. The scale of the proposed purchase of treasury bonds during routine operations on Monday was lower than on April 24.
BOJ Trims Bond Buying in Regular Operation Amid Pressure on Yen
The Bank of Japan offered to purchase a smaller amount of government bonds in a regular operation on Monday than it did on April 24 as it seeks to reduce its presence in the country’s debt market.
Japan's Kato: Japan on Track to Normalize Monetary Policy
A former chief cabinet secretary, Katsunobu Kato, said on Monday that Japan is seeing conditions fall in place for the central bank to normalize monetary policy
BlackRock: The weak yen kept foreign investors away from Japanese stocks, and the increase in the Nikkei index in US dollars shrunk to 3%
The Nikkei 225 Index has risen 14% this year, outperforming its global peers. But for dollar-based investors, after the yen fell to a 34-year low against the US dollar, this increase shrank to just over 3%.
srimoen : i think can be 40k right time n' waiting for it