Legend
- High Impact Expected
- Med Impact Expected
- Low Impact Expected
- Non-Economic
Revision
- Green NumberBetter than forecast -or- revised better
- Red NumberWorse than forecast -or- revised worse
- m/mMonth Over Month
- q/qQuarter Over Quarter
- y/yYear Over Year
- K Thousand
- M Million
- B Billion
- T Trillion
JN Overnight Call Rate
Short term interest rates are the paramount factor in currency valuation - traders look at most other indicators merely to predict how rates will change in the future;
This rate was the BOJ's main operating target from Mar 2006 until it was discontinued in Apr 2013;
- JN Overnight Call Rate Graph
- History
| Expected Impact / Date | Actual | Forecast | Previous |
|---|---|---|---|
| Apr 3, 2013 | <0.10% | <0.10% | <0.10% |
| Mar 6, 2013 | <0.10% | <0.10% | <0.10% |
| Feb 13, 2013 | <0.10% | <0.10% | <0.10% |
| Jan 21, 2013 | <0.10% | <0.10% | <0.10% |
| Dec 19, 2012 | <0.10% | <0.10% | <0.10% |
| Nov 19, 2012 | <0.10% | <0.10% | <0.10% |
| Oct 30, 2012 | <0.10% | <0.10% | <0.10% |
| Oct 4, 2012 | <0.10% | <0.10% | <0.10% |
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- JN Overnight Call Rate News
From forexblog.oanda.com|Apr 4, 2013|3 commentsNew Bank of Japan (BoJ) Governor Haruhiko Kuroda held nothing back, much to the global currency market’s surprise, by kicking off his inaugural two-year term with an aggressive new easing program designed to combat more than 15 years of deflation in the world’s third-largest economy. The key measures of the BoJ’s “Quantitative and Qualitative Monetary Easing” program include a doubling of bond purchases to 7-trillion yen (US$75b) a month and an expansion of purchases of other assets, including exchange traded funds and real-estate ...
- From fxtimes.com|Apr 4, 2013|8 comments
It was the first key act of new Bank of Japan Chief, Haruhiko Karudo and it was a big one. The bank announced plans to buy 7.5 trillion yen ($78.6 billion) of bonds per month and double its monetary base in two years. Plane and simple, this quantitative easing policy introduces a lot of JPY supply, which should weaken the currency. The market immediately started pricing in further weakness in the JPY and in hours wiping out week’s of slow gains by the Japanese currency. Let’s take a look at some of the JPY-crosses and the bullish ...
- From bloomberg.com|Apr 4, 2013|4 comments
Bank of Japan (8301) Governor Haruhiko Kuroda began his campaign to end 15 years of deflation with a strengthened stimulus program that will see the central bank buy 7 trillion yen ($746 billion) of bonds a month. With Kuroda presiding over his first BOJ meeting since taking the helm last month, the board today streamlined its asset purchases by unifying separate programs, temporaily suspending a self-imposed cap on some bond holdings and pledging to buy longer-term debt. Stocks pared losses and the yen weakened immediately after the ...
- From boj.or.jp|Apr 3, 2013|78 comments
At the Monetary Policy Meeting held today, the Policy Board of the Bank of Japan decided upon the following. (1) The introduction of the "quantitative and qualitative monetary easing" The Bank will achieve the price stability target of 2 percent in terms of the year-on-year rate of change in the consumer price intex (CPI) at the earliest possible time, with a time horizon of about two years. In order to do so, it will enter a new phase of monetary easing both in terms of quantity and quality. It will double the monetary base and the ...
- From cnbc.com|Apr 3, 2013
Investors shrugged off expectations for big, bold stimulus from Japan's central bank on Thursday, as the yen managed to cling onto near one-month highs against the U.S. dollar. The currency last traded at the 93 handle against the dollar, just 0.5 percent shy from Tuesday's near one-month high of 93.5 as market participants turn skeptical if the Bank of Japan (BOJ) can deliver on its promises of open-ended asset purchases. "I think they (BOJ) will disappoint. They're not going to move as fast as the market would like. Kuroda has to ...
- From efxnews.com|Apr 3, 2013
Markets' focus over the next few hours will be on the Bank of Japan's first meeting under new governor Haruhiko Kuroda. In that regard, Bank of America Merrill Lynch forecasts that this monetary policy meeting will result in a blend of easing policies that can be physically implemented and policies that work on expectations, ie, announce intentions with details/implementation later. All in all, BofA expects the BoJ to announce the following 7 polices: 1. Announcement of early introduction of an open-ended framework (FY13). 2. A ...
- From seekingalpha.com|Apr 3, 2013
We see critical support in USDJPY just below 92.90. Should this pair hold that level it would validate buy set-ups and signals in this area into the evening session (sell signals in yen futures). Currently the Primary, Secondary, and Day to Day Patterns are all higher for this influential pair. A close below that level on the 4-hour chart however would invalidate any buy set-ups and open the door to a test of the February lows. (click to enlarge) Adding to the potential technical drama is the release of the Bank of Japan's Monetary ...
- From guardian.co.uk|Apr 3, 2013
Japan's two-decade fight against rolling recession and permanent deflation reaches a pivotal moment on Wednesday when Haruhiko Kuroda presides over his first policy meeting as head of the country's central bank. This is when all the talk about Abenomics is supposed to stop. Financial markets have been dazzled by the pro-growth rhetoric of the country's prime minister, Shinzo Abe, since he was swept back to power with the promise of a three-pronged economic revolution late last year. Now the time is approaching for the Bank of Japan ...
| Released on Apr 3, 2013 |
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