Yen reportedly slides despite Bank of Japan rate hike to 1.25%

A September 19, 2026 post says the Bank of Japan raised its benchmark rate to 1.25%, the highest since 1995, in a 7–2 vote. It says the yen weakened as traders focused on the vote and Governor Kazuo Ueda’s cautious guidance on the pace of further hikes. The post also says Japanese authorities conducted currency-market rate checks, fueling speculation about a possible intervention to support the yen. The dollar later pulled back toward ¥156.60–¥157.00, it says.