Yen Slides as BoJ Hesitates. Forecast as of 22.09.2026

If the US Treasury pushes the Bank of Japan to raise interest rates aggressively while Sanae Takaichi's government fuels dissent within the BoJ's policy-making ranks, breaking the USD/JPY uptrend could prove difficult. Let's analyze the situation and develop a trading plan.Major Takeaways The Bank of Japan raised its overnight rate to 1.25%. Dissenting Board of Governors members caused the yen to fall. The derivatives market does not believe the cycle will continue in October. Long positions can