Yen reportedly falls despite Bank of Japan rate hike to a 31-year high
A September 19, 2026 market recap links the yen’s decline to less-hawkish-than-expected guidance. A separate post warns that newly bullish yen bets could fuel a squeeze.
TLDR
A market recap posted September 19, 2026 says the Bank of Japan raised rates to a 31-year high, but the yen sold off because its guidance was less hawkish than expected. A separate post says speculators had switched from heavily betting against the yen to heavily betting on it at record speed. It warns that those new positions could fuel a squeeze if USD/JPY keeps rising—meaning the yen weakens further against the dollar.
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