Tokyo Market Braces for BOJ Operations and FOMC Rate Decision

The Tokyo market is packed with events on July 29, including Japan's preliminary June machine tool orders and the Bank of Japan's government bond purchase operations.

The BOJ will conduct government bond purchase operations starting at 10:10 a.m., targeting bonds with residual maturities of over 3 years to 5 years, over 25 years, and inflation-indexed bonds.

The market attention is expected to focus on changes in bid-to-cover ratios and accepted yields to gauge the trajectory of long-term interest rates.