Bank of Japan (BoJ) and Japanese yen in the traders’ spotlight
The Monetary Policy Committee of the Bank of Japan (BoJ) will announce its decision regarding its key policy interest rate on Tuesday night, December 20th, at 03:00 GMT. BOJ Governor Haruhiko Kuroda will hold a press conference that can result in unexpected volatility shifts in major forex pairs and Asian stocks.
According to prevailing forecasts, the Japanese central bank is expected to keep its negative interest rate unchanged at -0.1%.
The release will likely be met with high volatility in Japanese yen (JPY) currency pairs. Top instruments to follow: USD/JPY (US dollar to Japanese yen), EUR/JPY (euro to Japanese yen), NIKKEI 225 (premiere index of Japanese stocks) and Nintendo Co Ltd (NASDAQ:NTDOY) stock CFD.
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