THE EVENT, EXPLAINED
In plain English.
This is a central-bank interest-rate decision. It sets a key borrowing benchmark and helps shape the return on savings and the cost of credit.
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UNDERSTAND THE RELEASE
BOJ Policy Rate
What it means. Why markets react.
What happened in previous releases.
JPYJapanese yenHigh impact
Release time · UTCOct 30, 202602:30 UTC
Actual ?The figure published for this release. A dash means no numerical value has been supplied; speeches often have none.
—
Forecast ?The expected figure supplied by the calendar provider. Markets often react to the difference between this expectation and the actual figure.
<1.25%
Previous ?The figure for the previous reporting period. It may have been revised. Comparing actual with previous measures change over time, not the surprise against expectations.
<1.25%
This event has not taken place yet. The explanation describes what to watch, rather than a confirmed outcome.
What can it change?
Higher rates generally restrain borrowing and spending; lower rates can support demand. The effect takes time and depends on credit conditions and confidence.
Why does the currency react?
An unexpectedly higher rate, or guidance that rates will stay high for longer, can support the currency through relative yields. An expected decision may produce little reaction: the statement and projected path often matter more.
Read the currency pairs.
The same currency move points in different directions depending on which side of the pair it sits.
If the Japanese yen strengthens relative to the US dollar, this pair tends to fall; relative weakness tends to push it higher.
If the Japanese yen strengthens relative to the euro, this pair tends to fall; relative weakness tends to push it higher.
If the Japanese yen strengthens relative to the Swiss franc, this pair tends to fall; relative weakness tends to push it higher.
How does gold fit in?
The effect on XAU/USD is usually indirect. Watch the US dollar, real US bond yields and safe-haven demand. Gold can rise in a weakening local currency without rising in US dollars.
What should you watch?
Compare the decision with the forecast, then read the vote split, statement and press conference. Separate the rate decision from guidance about future meetings.
Educational basis for this explanation
02 / HISTORICAL PRICE REACTION
What happened before?
Actual price movement after past releases of this event. Choose a market and a time window.
Historical coverage is still being built.
No complete, verified price window is available for this event yet. Historical reactions will appear here when sufficient data has been recorded.
These explanations describe economic mechanisms. Market expectations, liquidity and simultaneous releases can change the actual price response.