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Bank of Japan Set to Hike Rates to 1.25%

By Markets Desk · 2026-09-13 · Updated 2026-09-13 11:43 UTC
A traditional Japanese bank facade with a large clock tower under a clear sky.
Illustration: Tradingbird

With markets pricing in a 98% probability of the BOJ hiking rates to 1.25%, the focus shifts to Governor Ueda's commentary on future tightening, which is expected to be the primary driver for the yen and could push USD/JPY toward the 150 level.

  • FXEmpire notes that while the 25bp hike is fully priced in, Governor Ueda's forward guidance on the pace of future tightening will likely drive yen volatility more than the decision itself, with USD/JPY potentially testing the 149-150 support zone if it breaks below 152.

    Source: FXEmpire

  • Markets price in a 98% probability that the Bank of Japan will raise its policy rate to 1.25%, a level not seen since 1995.

    Source: biggo.com
Based on reporting by biggo.com and FXEmpire, compiled by the Tradingbird desk.

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