Why Japan’s markets flipped the usual script after central bank rate hike
The yen weakened past 157 against the dollar, the yield on the 10-year Japanese Government Bond slipped, while the Nikkei 225 gained 1.5%.
Last updated: 2026-09-21 08:06:57 ET
The yen weakened past 157 against the dollar, the yield on the 10-year Japanese Government Bond slipped, while the Nikkei 225 gained 1.5%.
The Bank of Japan delivered the fastest rate increase of its current cycle to counter persistent inflation and ease the impact of a weak yen.
Vincent Deluard, market strategist at StoneX, recommends pairing British equities with a trade that shorts the euro against the Japanese yen.
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