Citing two sources with direct knowledge of the plan, Reuters reported on Monday that the Japanese government is considering buying back some super-long bonds issued in the past at low interest rates.
NZD/USD recovered its recent losses registered in the previous session, trading around 0.6040 during the Asian hours on Monday. The pair appreciates as the US Dollar (USD) declines, potentially due to a technical correction.
USD/CAD retraces its gains from the previous session, trading around 1.3680 during the Asian hours on Monday. The pair edges lower as the US Dollar (USD) corrects downward after registering approximately 0.50% gains on Friday following United States (US) jobs data for May.