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- BOJ infuses cash into the markets for third consecutive day
BOJ infuses cash into the markets for third consecutive day
The Bank of Japan (BOJ) remains concerned about the spiking short-term interest rates and, therefore, injects cash into markets for the third day in a row.
The Japanese central bank offered JPY2 trillion (circa $17.6bn) via bond buys.
On Tuesday, the central bank made two offers, including one to buy bonds worth 2 trillion yen for immediate fund provision. Under another offer, it would buy 7 trillion yen to inject funds for a period between Dec. 15-16.”
Market reaction
USD/JPY is trading in a narrow range so far this Wednesday, virtually unchanged on the day at 113.70. Investors remain in a wait-and-see mode ahead of the critical Fed decision.
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