ING analyst Frantisek Taborsky said the yen, which fell to a two-week low against the dollar after the BOJ raised its policy rate to 1.25%, may weaken further after two board members — appointed by Prime Minister Sanae Takaichi — voted against the move, saying the hike was unnecessary. Taborsky said the dissent signals market resistance to the fastest tightening in over 30 years and could increasingly constrain further rate hikes this year.

2026-09-18

ING analyst Frantisek Taborsky said the yen, which fell to a two-week low against the dollar after the BOJ raised its policy rate to 1.25%, may weaken further after two board members — appointed by Prime Minister Sanae Takaichi — voted against the move, saying the hike was unnecessary. Taborsky said the dissent signals market resistance to the fastest tightening in over 30 years and could increasingly constrain further rate hikes this year.