Bank of Japan

The Bank of Japan (BOJ) is the Japanese central bank. It's headquarters is located in the business district of Nihonbashi in Tokyo. The BOJ is responsible for issuing currency and treasury securities, implementing monetary policy and maintaining the stability of the Japanese financial system.

According to the bank's charter, its main objectives are the issuance and management of banknotes, the implementation of monetary policy, the provision of settlement services, ensuring the stability of the financial system, and compiling data used for economic analysis and research activities.

The Japanese yen (JPY) is the third most heavily traded currency in the foreign exchange market after the United States dollar and the euro. It is also widely used as a reserve currency. A reserve currency is one that is held in significant quantities by many governments and institutions as part of their foreign exchange reserves.

You can access the BOJ's homepage at the link below to obtain more information about the bank and how it affects the forex market:

Bank of Japan