U.S. dollar liquidity auctions set for August to December 2026

The Financial Markets Department of the Bank of Japan outlined the daily operational timetable alongside the auction calendar.

Under the schedule, auction announcements occur at 10:40 JST, followed by a bid submission deadline at 11:30 JST.

Result notifications and public announcements are released around 11:45 JST.

The operational calendar begins with an auction on August 4, 2026, exercising on August 6 and maturing on August 14 over an eight-day term.

The final operation of the calendar year is scheduled for December 22, 2026, exercising on December 24 and maturing on January 7, 2027, over a 14-day term.

Most operations feature a seven-day maturity, alongside six-day, eight-day, and 14-day terms.

All funds are provided at a fixed interest rate without borrowing limits against pooled eligible collateral.

These dollar-supplying operations serve as a key backstop facility to ensure financial institutions maintain stable foreign currency liquidity.

To assist market participants with forward planning and funding management, the BOJ publishes its schedule months in advance.

The central bank confirmed that the subsequent schedule, covering operational dates from January through March 2027, is slated for publication at the end of October 2026.

Market operations division contacts remain available for technical inquiries as institutions prepare for standard quarterly and year-end settlements.