{
  "id": 9026906,
  "title": "The Japanese Yen keeps sliding after the Bank of Japan's split vote",
  "url": "https://urgent.news/2026/09/21/the-japanese-yen-keeps-sliding-after-the-bank-of-japans-split-vote",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-21T23:01:01.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/the-japanese-yen-keeps-sliding-after-the-bank-of-japans-split-vote-202609212301"
  },
  "original_language": "en",
  "account": "Japan's markets are closed for a national holiday from Monday to Wednesday, a time when a currency move can yield the most benefit. USD/JPY is currently trading near 157.50, down for a fifth session in six. Japanese officials reportedly contacted banks to check exchange rates on Friday, a move that often precedes a potential yen purchase by the Bank of Japan (BoJ). The BoJ had raised its rate to 1.25% from 1% on September 18, the highest level since 1995, yet the yen weakened despite this. Two BoJ board members voted against the increase, citing insufficient inflation and economic growth to justify it. The yen's trading rate has recently stabilized around its level from the end of July, after a surge to just under 164.00 in July 2022. The upcoming release of Japan's Jibun Bank Purchasing Managers Index (PMI) on Thursday at 00:30 GMT is seen as a key indicator for another BoJ rate increase. The two dissenting board members believe the economy has not accelerated enough to warrant a hike, and the manufacturing PMI is expected to be around 55. Other economic data, including the US Federal Reserve's rate hike and weekly jobless claims, are also anticipated on Thursday, potentially widening the gap in favor of the dollar.",
  "summary": "Japan's markets are shut from Monday to Wednesday for national holidays, which is when a government that wants to move its currency gets the most for its money. USD/JPY is higher for a fifth session in six and is trading just below 157.50.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}