REVERSE AUCTION
An auction where sellers bid for the prices at which they are willing to sell their goods or services. It is the opposite of a regular auction, in which a seller sells an item and then buyers will place bids until the close of the auction. The buyer with the highest bid will get the item. In the reverse auction, buyers are the ones who put up a request for a required good or service, and then the sellers place bids for the amount they are willing to be paid for the good or service. The seller with the lowest bid at the end of the auction will then be the winner.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 12:00 | CBI retail sales volume balance | Apr | |
| 01:01 | BRC Shop Price Index | Apr | |
| 01:30 | Unemployment Rate | Mar | |
| 05:04 | BoJ MPC Interest Rate Announcement | Apr | |
| 05:04 | Monetary Policy Meeting Minutes | ||
| 05:04 | BOJ Outlook Report | ||
| 07:00 | BOJ Core CPI | Mar | |
| 08:30 | Bank of Japan Press Conference | ||
| 09:00 | Unemployment Rate | 1 quarter |
