# Japanese Yen advances as hawkish BoJ Minutes signal potential December rate hike

> The yen gained against the US dollar after Bank of Japan meeting minutes showed broad support among policymakers for further rate increases as inflation approaches the 2% target. Risk-off demand also supported the yen, while falling crude prices and strong US payroll data influenced the dollar and USD/JPY moves.

- Date: 2026-11-09 · published 2026-11-09T15:11:04.855Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/89699-japanese-yen-advances-as-hawkish-boj-minutes-signal-potential-december-rate-hike
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Expectations of tighter Japanese monetary policy may strengthen the yen, changing the cost of imported feed and energy for Japanese buyers; the article reports no direct commodity-market supply change.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼
- USDJPY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-04-22 | [Canadian dollar falls by most since December despite hawkish BoC \| Reuters](https://feedsoft.ai/events/42106-canadian-dollar-falls-by-most-since-december-despite-hawkish-boc-reuters.md) | +1.5% | +8.0% |
| WTI | 2023-03-07 | [Oil and Gold Prices Slump As Powell Signals Further Rate Hikes to Come - Markets Insider](https://feedsoft.ai/events/36780-oil-and-gold-prices-slump-as-powell-signals-further-rate-hikes-to-come-markets.md) | -7.1% | -0.0% |
| WTI | 2022-12-15 | [Oil prices slid 2% as dollar firms and central banks hike interest rates](https://feedsoft.ai/events/38152-oil-prices-slid-2-as-dollar-firms-and-central-banks-hike-interest-rates.md) | +1.3% | +3.5% |
| WTI | 2024-08-05 | [Dollar down as US rate cut bets rise, yen surges](https://feedsoft.ai/events/7431-dollar-down-as-us-rate-cut-bets-rise-yen-surges.md) | +4.4% | -0.4% |
| WTI | 2022-09-21 | [WTI Falls as USD Spikes to 20-Year High after Fed Rate Hike](https://feedsoft.ai/events/39497-wti-falls-as-usd-spikes-to-20-year-high-after-fed-rate-hike.md) | -6.9% | -1.7% |
| BRENT | 2023-03-07 | [Oil and Gold Prices Slump As Powell Signals Further Rate Hikes to Come - Markets Insider](https://feedsoft.ai/events/36780-oil-and-gold-prices-slump-as-powell-signals-further-rate-hikes-to-come-markets.md) | -6.7% | -0.8% |
| BRENT | 2022-12-15 | [Oil prices slid 2% as dollar firms and central banks hike interest rates](https://feedsoft.ai/events/38152-oil-prices-slid-2-as-dollar-firms-and-central-banks-hike-interest-rates.md) | -2.2% | +1.6% |
| BRENT | 2023-07-01 | [Oil drops 1.5% as Fed projects more rate hikes this year](https://feedsoft.ai/events/35655-oil-drops-1-5-as-fed-projects-more-rate-hikes-this-year.md) | +5.2% | +13.4% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/japanese-yen-advances-as-hawkish-boj-minutes-signal-potential-december-rate-hike-202611090752

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