Dollar-yen reclaims 158 as BOJ summary shows calls for faster rate hikes

Oct 1, 2026 00:19 (24d ago)

Dollar-yen reclaimed 158 on October 1 after the BOJ released opinions from its Sept. 17–18 rate-hike meeting and Tankan results.
Hawkish BOJ members argued that monetary tightening should accelerate toward target levels as economic conditions improve.
The meeting included a rare Cabinet Office intervention, while CBA saw firmer sentiment and elevated inflation expectations supporting further hikes but limited yen gains.

Dollar-yen reclaimed 158 on October 1 for the first time in roughly a week after the Bank of Japan released its September meeting opinions and Tankan survey results. The rate-hike meeting revealed hawkish members advocating faster increases toward target levels, while a rare Cabinet Office intervention highlighted government involvement in the policy debate. CBA said firmer business sentiment and elevated inflation expectations could support further BOJ hikes, although a split BOJ decision and a more hawkish Federal Reserve could limit yen support.