Yen advances on hawkish BoJ minutes and record intervention: Nov 9, 2026
The Japanese yen advanced after hawkish Bank of Japan minutes pointed to a potential December rate hike. Reports that Japan spent a record $50 billion in a single day, as part of 15.4 trillion yen deployed over three days in late July to early August, kept intervention in focus. The move came even as robust US jobs data, with 165,000 jobs added in October, lifted bets on a December Fed hike to around 78-80%.
Updated
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The day on the wire
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Each tick is a headline first seen that day.
Headlines (14)
First seen on November 9
- Recap - BOJ’s Ueda sees inflation near 2% but flags upside risks as energy costs biteInvestingLive
- Japanese Government Bond Yields Rise Monday, 10-Year Up 6.5 Bps to 2.7% as Safe-Haven Buying Pausesflash.jin10.com
- Japanese Yen strengthens despite robust US jobs dataFXStreet
- Japan Spent Record $50 Billion in Single Day to Bolster YenThe Wall Street Journal
- EUR/JPY Price Forecast: Holds gains above 176.50, but downside bias prevails below 100-day SMAFXStreet
- investingLive Asia-Pacific market news: Asia shrugs off Nvidia scandal, oil steadiesInvestingLive
- Japan bought 15.4 trillion yen in 3-day late July-early August intervention, first day a recordflash.jin10.com
- Personal Income and Outlays, September 2026bea.gov
- Japanese Yen advances as hawkish BoJ Minutes signal potential December rate hikeFXStreet
Carried over from earlier days
- Next week: China, US CPI, PBOC FX reserve hike, Russia-US-Ukraine talks, Anthropic IPOcls.cn
- CME FedWatch Shows 78% Probability of 25bp Fed Rate Hike in Decembercls.cn
- US adds 165,000 jobs in October, December hike bets jump to 80%wallstreetcn.com
- Guotai Haitong expects 25bp Fed hike in December after stronger-than-expected payrollsgelonghui.com
- Japan Finance Ministry intervened on three days in summer to support yen, daily data showcls.cn
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Monday, November 9 | ||
| Leading Indicators | 116.7% | JPY |
| FOMC Member Bowman Speaks | USD | |
| Final Wholesale Inventories m/m | 0.6% | USD |
| FOMC Member Goolsbee Speaks | USD | |
| FOMC Member Barkin Speaks | USD | |
| Household Spending y/y | -3.1% | JPY |
| BOJ Summary of Opinions | JPY | |
| Bank Lending y/y | 5.4% | JPY |