Bank of Japan to conduct an unscheduled bond buying operation

USD/JPY popping higher. The Bank of Japan will conduct an unscheduled bond operation

• offering
  to buy 3 trillion yen of bonds (JGBs) in an agreement
  starting on Tuesday and ending on Thursday

Earlier today we had data from Japan that is not suggestive of a central bank policy tightening:

• Japan data – January Machinery Orders -1.7% m/m (expected -1.0%)

And yet, media reports continue to pile in, this from the weekend:

• BOJ will likely ditch negative rates and yield curve control next week – MUFJ

Is this guy going to pull the rug again?

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