BOJ ready to buy foreign exchange under new B-FIXTT

The Bank of Jamaica says it is now in a position to start buying foreign exchange under its new BOJ Foreign Exchange Intervention and Trading Tool or B-FIXTT.
The BOJ revealed that each week there will be a four week advance B-FIXTT announcement of its intention to buy or sell in the market.     
However, the central bank said it will not be conducting buying and selling operations simultaneously.
The BOJ also noted that its decision to intervene by buying in the foreign exchange market will be driven by market intelligence and its assessment of conditions therein.  

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