Change in the Guideline for Money Market Operations

Bank of Japan Amends Complementary Deposit Facility Terms

The BoJ amended principal terms and conditions for its complementary deposit facility, a supporting measure under its current monetary framework. The change affects JPY liquidity conditions and market operations. Traders should monitor for details on reserve requirements or rate adjustments that may influence yen shorts and USD/JPY positioning.

http://www.boj.or.jp/en/mopo/mpmdeci/mpr_2026/mpr260918b.pdf

Bank of Japan raises rates to 31-year high, signals inflation concerns

The BoJ raised rates in a 7-2 decision, marking the highest level in 31 years as wage growth and demand remain elevated. EUR/JPY strengthened 15.5 pips ahead of the announcement, signaling yen weakness. Traders now focus on BoJ forward guidance and whether further tightening signals a shift in the central bank's reaction function.

https://www.cnbc.com/2026/09/18/japan-raises-rates-30-year-high-yen-jgb.html

Japan Raises Rates to 1.25% as Dovish Dissents Signal Caution

The BoJ lifted its policy rate 25bp to 1.25%, the highest since 1995, but a 7–2 vote split exposed deep divisions on further normalization. The yen weakened on the decision while the 10-year JGB yield fell, signaling markets remain skeptical of aggressive tightening ahead.

https://www.actionforex.com/live-comments/654540-boj-raises-rate-to-1-25-yet-dovish-dissents-cloud-next-move/

Bank of Japan Raises Rates Fastest Pace in 36 Years

The BoJ hiked its benchmark rate in the fastest pace since 1990, with unexpected dissenters on the policy committee. JPY strength likely as rate differentials widen versus the Fed's pause. The dissent signals internal debate over tightening pace, relevant for next BoJ meeting guidance.

https://www.bloomberg.com/news/videos/2026-09-18/japan-central-bank-hikes-rates-with-surprise-dissenters-video

BOJ raises rates to 1.25% in split vote, two members opposed

Two of nine board members voted against the increase, the widest dissent of the tightening cycle. Nikkei Asia.

https://asia.nikkei.com/rss/feed/nar