BOJ expected to raise rates to 1.0% in June, hike again in Q4 — Reuters poll

A Reuters poll showed on Friday that median forecasts see the Bank of Japan (BoJ) to hike the interest rates to 1.25% in the fourth quarter (Q4) and 1.50% in Q3 of 2027, unchanged from the April poll.

65% of economists expect the BoJ to hike the key interest rate to 1.00% in June.

74% of economists see currency intervention as unlikely to sustainably curb the Japanese Yen weakness.

72% of economists see sustained inflation as being a bigger risk to the economy than demand slowdown.

Market reaction

At the time of writing, the USD/JPY pair is up 0.09% on the day at 158.52.