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Interest Rate Hike in Japan—The Yen Doesn't Follow a Simple Formula

Market Analysis · September 18, 2026 On September 18, 2026, the Bank of Japan raised its key interest rate by 25 basis points—to its highest level in about 31 years. Normally, an interest rate hike should support a currency. However, the yen fell: USD/JPY climbed above the 157 mark, and the yen lost about 0.7 percent at one point. A […]

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