{
  "id": 10409603,
  "title": "Japanese Yen: BOJ back-to-back hike risk – Rabobank",
  "url": "https://urgent.news/2026/09/28/japanese-yen-boj-back-to-back-hike-risk-rabobank",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-28T09:00:25.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/japanese-yen-boj-back-to-back-hike-risk-rabobank-202609280900"
  },
  "original_language": "en",
  "account": "Rabobank's RaboResearch Global Economics & Markets team suggests the Bank of Japan may tighten monetary policy again, potentially marking the first back-to-back hike in decades. Former BOJ director Momma hints at a 25 basis point increase, a move that could weigh heavily on the Japanese Yen, particularly the carry trade. The BOJ is set to decide at the end of October, but Momma sees the prospect as a \"real possibility\" with a 20-30% chance. This potential historic move in the markets brings back memories of past central bank actions. The first 25 basis point hike left the Yen in a precarious position, leading to questions about the impact of a second hike. With US yields near multi-year highs and inflation risks from oil prices and Fed rate hikes, the US Dollar remains a safe-haven currency, bolstered by the US-Iran standoff and driving USD/JPY lower. Meanwhile, gold, US bond yields, and Zcash are all experiencing downward pressure due to rising inflation expectations and the Federal Reserve's aggressive stance on interest rates.",
  "summary": "Rabobank’s RaboResearch Global Economics & Markets team flags potential historic tightening by the Bank of Japan (BOJ). Former BOJ director Momma sees another 25 basis point hike as a real possibility, which would be the first back-to-back move in decades.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "Global markets: War and peace risk narrative – Rabobank",
        "url": "https://urgent.news/2026/09/28/global-markets-war-and-peace-risk-narrative-rabobank",
        "published": "2026-09-28T09:37:34.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}