{
  "id": 8165310,
  "title": "British Pound jumps to two-week top as JPY declines after BoJ's rate-hike to 31-year high",
  "url": "https://urgent.news/2026/09/18/british-pound-jumps-to-two-week-top-as-jpy-declines-after-bojs-rate",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-18T03:20:18.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/british-pound-jumps-to-two-week-top-as-jpy-declines-after-bojs-rate-hike-to-31-year-high-202609180320"
  },
  "original_language": "en",
  "account": "The British Pound (GBP) rose to a nearly two-week high against the Japanese Yen (JPY) on Friday, following the Bank of Japan's (BoJ) decision to raise its short-term interest rate by 25 basis points to 1.25%. This marked a 31-year high for the Japanese currency. The BoJ's announcement reinforced its commitment to further rate hikes in response to economic and financial developments, though the split 7-2 vote on the policy statement suggested a divided board, dampening expectations for an aggressive tightening cycle. Japan's headline Consumer Price Index (CPI) remained steady at 1.9% year-over-year, while core inflation unexpectedly dropped to 1.7% in August, falling below the central bank's 2% target. This situation weakened the JPY. Meanwhile, the UK's subdued USD price action and the Bank of England's (BoE) decision to maintain interest rates provided a boost to the GBP/JPY cross. The BoE's dovish stance could limit the GBP's gains. Analysts suggest waiting for strong follow-through buying before positioning for a further recovery of the GBP/JPY pair from the current low of 207.00.",
  "summary": "The GBP/JPY cross attracts fresh buyers during the Asian session on Friday and jumps to a nearly two-week top, beyond 209.50, after the Bank of Japan (BoJ) announced its policy decision.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "New Zealand GDP in the barrel with the Kiwi at July lows",
        "url": "https://urgent.news/2026/09/16/new-zealand-gdp-in-the-barrel-with-the-kiwi-at-july-lows",
        "published": "2026-09-16T21:14:20.000Z"
      }
    ]
  },
  "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."
}