The Bank of Japan's interest rate decision sets Japanese borrowing costs and is the main driver of the Japanese yen.
Actual
0.25%
Forecast
0.1%
Previous
0.1%
Bank of Japan Rate Decision for July 31, 2024 came in at 0.25% versus 0.1% expected (previous 0.1%), above forecast, which was positive for the JPY.
What it meant for the JPY
The actual landed above the 0.1% forecast (0.15 above expectations). A reading above forecast is generally bullish for the JPY, and below forecast bearish. On this release the read was positive for the JPY.
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