JPY Weekly Global Markets Research Foreign Exchange - Global The highest policy rate in three decades, but JPY weakness continues Key events next week: MOF's intervention risk, Ueda's speech, Tokyo CPI. The highest policy rate since 1995 At its December Monetary Policy Meeting, the BOJ hiked its policy rate by 25bp to 0.75%. As a result, the BOJ's policy rate is now at the highest level since August 1995 ( Fig. 1 ). While this hike was widely expected by the market (including Nomura), JGBs were sold across ...