Web Trader MT5
TONAR is an alternative name sometimes used for TONA, the Tokyo Overnight Average rate. TONA is the official name used by the Bank of Japan. It is based on unsecured overnight borrowing between financial institutions in Japan’s call-money market. “Unsecured” means the loan is not backed by specific collateral, and “overnight” means the money is borrowed for one business day. The rate is used as a Japanese yen risk-free reference in financial contracts. It differs from TIBOR because TONA reflects completed overnight transactions, while TIBOR is based on rates submitted by a panel of banks for several borrowing periods.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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