Uncollateralized call O/N rates were up. The market was opened at 0.977% by regional bank funding, then traded with 0.977%～0.978%. After the immediate operation at 9:20am was called off, the morning session ended with 0.970%～0.977% funding by the Japanese banks. The immediate operation at 12:50 p.m. was also called off. The afternoon session was all ended with a small number of trades at 0.971%～0.977%. There were trades for short term contracts at 1.04%～1.055%. 800 billion of the Funds-Supplying Operations against Pooled Collateral （7/8～7/22） to all branches using the fixed-rate method was offered at 1:00 p.m., and the bid amount were 1,849 billion and the winning bid amount were 800.9 billion. The preliminary O/N weighted average interest rate for uncollateralized calls was 0.978%, +0.001% from the previous day's confirmation.

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