Monitor JN BOJ Policy Rate, a key determinant of JPY valuation; pivotal for Forex traders. Tentative release.
Short-term interest rates play a critical role in determining currency values, as traders primarily analyze other indicators to forecast future rate changes. The exact release time of this event is not specified, and it will remain marked as 'Tentative' until the rate is officially announced. This rate currently serves as the Bank of Japan's main operational target, with the first report issued in January 2016.
What it Measures
The interest rate applied to excess current account balances maintained at the Bank of Japan.
Usual Effect
When the 'Actual' rate exceeds the 'Forecast', it is favorable for the currency.
Source & Frequency
Bank of Japan (latest release) - https://www.boj.or.jp/en/index.htm/ • This event is scheduled eight times a year.
How Data is Derived
BOJ Policy Board members come to a consensus on where to set the rate
Also Known As
Interest Rates, Uncollateralized Overnight Call Rate
Acronym
Bank of Japan (BOJ)