Despite a hawkish sounding BoJ board member Koeda the yen has fallen further, 157.40

  • Koeda has voted at 5 board meetings, each time to hold. She sounds more hawkish today.
yen jpy koeda 20 November 2025 2

Koeda joined the Bank of Japan nine-member board on March 26 this year.

At each of the five policy-setting meetings she has attended so far she voted for leaving the policy rate at 0.5%.

She seems to have become more hawkish in her speech today:

USD/JPY is shrugging it off, rising to a fresh high above 157.40.

JGB yields have continued higher too, as Japan's latest fiscal package promises to balloon debt even further.

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