What is it? It's among the primary tools the BOJ uses to communicate with investors about monetary policy. It contains the outcome of their decision on interest rates and commentary about the economic conditions that influenced their decision. Most importantly, it projects the economic outlook and offers clues on the outcome of future rate decisions.
Usual Effect: If the statement is more aggressive than expected, you can expect the JPY to rise.
When? October 7th at 12:54am Eastern Time.
Trading Tip: The announcement can greatly affect the JPY, make sure to make your trade before.
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