# USD/JPY Under Pressure as Yen Rises and December Rate Hike Expectations Grow

> The Bank of Japan held its policy rate at 1.25% by an 8–1 vote, with board member Hajime Takata dissenting in favour of an immediate hike to 1.5%. The BoJ said core inflation has reached its 2% target, and the yen rose for three sessions as safe-haven demand grew after weak tech earnings and global asset managers returned to Japanese bonds. USD/JPY began the week near 157.48.

- Date: 2026-11-02 · published 2026-11-03T06:08:34.352Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/77072-usd-jpy-under-pressure-as-yen-rises-and-december-rate-hike-expectations-grow
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Expectations of a December BoJ hike support the yen and lower the local-currency cost of dollar-priced feed imports into Japan. A firmer yen would reduce pressure on Japanese feed buyers.

## Read by commodity

- USDJPY: bearish ▼

## Sources

- investing.com: https://www.investing.com/analysis/usdjpy-under-pressure-as-yen-rises-and-december-rate-hike-expectations-grow-200690666

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.