Japan Yen Intervention: Yen Falls After Rates Raised Back Forward Facebook Linked In Gift Expand The trading room at a foreign exchange brokerage in Tokyo. Photographer: Kiyoshi Ota/Bloomberg Facebook Linked In Gift Gift this article Contact us: Provide news feedback or report an error Confidential tip? Send a tip to our reporters Site feedback: Take our Survey New Window Facebook Linked In Gift By Hideyuki Sano and Umesh Desai September 20, 2026 at 8:00 AM UTCBookmark Save The yen is vulnerable to sharp moves and further declines over the next week, with a three-day holiday in Japan set to reduce trading liquidity and investors disappointed that the central bank didn’t offer stronger guidance on the pace of future interest rate hikes. Trading will open on Monday after the currency slid as much as 1.3% versus the dollar on Friday, when two board members dissented against the Bank of Japan’s decision to raise borrowing costs.

Reports later in the day that central bank officials had called market participants for a rate check — a potential prelude to making purchases to boost the currency — did no more than narrow losses. It ended the session at 156.88, down more than 2% for the week.