The Yen fell more than 2% last week, its largest weekly drop in nearly a year, as rate hikes from the Fed countered domestic tightening. Market liquidity will drop during a three day holiday through Wednesday, raising the risk of volatility following rate checks on Friday and a record ¥15.4 trillion ($98 billion) spend on intervention through August 26.
Tuesday, October 20, 2026
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BOJ Hikes Rate to 1.25% 31 Year High and Yen Risks Intervention
Global Markets30 days ago
A split decision by the Bank of Japan pushed the policy rate higher by 25 basis points in the sixth hike of Governor Ueda's tenure. The move to 1.25% reached a 31 year high, but provided limited forward guidance, leaving markets pricing a 90% probability of another increase in December and less than a 20% chance for October.
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