BOJ set to hike interest rates in December, but decision on knife-edge: Reuters poll | Metals Mine

  • BOJ set to hike interest rates in December, but decision on knife-edge: Reuters poll

    From channelnewsasia.com

    The Bank of Japan will raise interest rates at its upcoming December meeting, according to a slim majority of economists in a Reuters poll, pushing through with its aim of normalising monetary policy, backed by the yen's recent decline. Prime Minister Sanae Takaichi, a proponent of expansionary fiscal and monetary policy who came into office a month ago, has urged the BOJ to cooperate with government efforts to reflate the economy and to tread cautiously in hiking rates. Still, economists say the conditions for a rate hike are falling into place, with the yen's depreciation strengthening the case. The yen this week ... (full story)

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ZforexCM
Nov 20, 2025 1:51am
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Yen Slides to 157.60 on Fiscal Worries

The Japanese Yen fell to 157.60, its weakest level since mid-February, as the US Dollar continued to gain. Worries over Japan’s fiscal outlook and Prime Minister Takaichi’s new stimulus package pressured the currency, while the Q3 contraction increased expectations that the BoJ may postpone rate hikes.

A firmer risk appetite also reduced the Yen’s safe-haven appeal. At the same time, the USD strengthened as odds of a December Fed cut faded, and Japan’s verbal interventions provided limited support ahead of the delayed NFP report.

Technically, resistance stands near 158.95, while support is firm at 155.20.
R1: 158.95 | S1: 155.20
R2: 160.15 | S2: 153.65
R3: 161.20 | S3: 151.60
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Trader#7129
Nov 20, 2025 3:19am
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this news to placate yen which has been sliding continuously since beginning of last mth.
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Trader#7129
Nov 20, 2025 3:19am
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wonder if they will keep their word? BOJ officials and MOF officials never keep their words
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