# BOJ Interest Rate Forecast: Inflation Keeps Another Hike in Play | FXEmpire

> The Bank of Japan kept its policy rate at 1.25% while signaling that another hike remains possible given persistent inflation and rising wages. The Federal Reserve held rates at 3.75%-4% in October, with two governors voting for a hike, and Chair Kevin Warsh said inflation remains too high.

- Date: 2026-11-01 · published 2026-11-01T12:09:02.070Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/8894-boj-interest-rate-forecast-inflation-keeps-another-hike-in-play-fxempire
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Higher US and Japanese rate expectations tend to firm the dollar and yen dynamics that shape import costs for feed commodities priced in USD, with modest pressure on grain and meal prices through currency channels.

## Read by commodity

- DXY: bullish ▲
- USDJPY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-10-30 | [BOT expected to hike key interest rate](https://feedsoft.ai/events/62795-bot-expected-to-hike-key-interest-rate.md) | -0.2% | +0.8% |
| DXY | 2022-02-10 | [Hot inflation fuels case for 'big-bang' Fed rate hike in March](https://feedsoft.ai/events/42644-hot-inflation-fuels-case-for-big-bang-fed-rate-hike-in-march.md) | -0.1% | +1.7% |
| DXY | 2026-09-22 | [Fed hawkishness puts Vietnam's dong, inflation and interest rates in focus](https://feedsoft.ai/events/17757-fed-hawkishness-puts-vietnam-s-dong-inflation-and-interest-rates-in-focus.md) | +1.1% | +1.4% |
| DXY | 2018-09-18 | [Hike in US interest rate to put pressure on ringgit](https://feedsoft.ai/events/63306-hike-in-us-interest-rate-to-put-pressure-on-ringgit.md) | -0.3% | -0.0% |
| DXY | 2018-04-11 | [Fed minutes: 'All' members see higher GDP and inflation, and more rate hikes](https://feedsoft.ai/events/65431-fed-minutes-all-members-see-higher-gdp-and-inflation-and-more-rate-hikes.md) | -0.3% | +3.4% |

## Sources

- fxempire.com: https://www.fxempire.com/forecasts/article/boj-interest-rate-forecast-inflation-keeps-another-hike-in-play-1641770

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