The Bank of Japan took its policy rate to the highest level since 1995 last month. Dollar/yen is still trading close to its weakest level since 1986.
The Ministry of Finance moved to defend the yen Thursday, its clearest suspected intervention since April. The Bank of Japan took its policy rate to the highest level since 1995 last month. Dollar/yen is still trading close to its weakest level since 1986. Dorian — ZTrader.AI Research July 31, 2026 As of filing, the BOJ's July 31 decision has not yet been confirmed by a post-meeting report. Every available source treats a hold at 1.00% as overwhelming consensus (52 of 52 economists surveyed by Bloomberg), not a reported outcome. This piece is written on that consensus basis and should be checked against the actual statement before publication. Chart 1 · USD/JPY USD/JPY — 30-Day Price Action Late June – July 30, 2026 · Intervention Markers 165 163 161 159 157 155 40-yr low: 163.99 (week of Jul 27) Suspected MOF intervention (Jul 30) Spike 160.11 → low 157.8, close ~158.6 Jun 16 Jun
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