Yen firms on above-target inflation backing BoJ hikes: Oct 24, 2026
The yen firmed after Japan core inflation topped the Bank of Japan's 2% target, backing expectations for BoJ rate hikes, and as safe-haven demand rose during a global tech selloff with falling Treasury yields favoring the yen. It later retreated from a one-month top as the U.S. dollar recovered, with focus remaining on Fed and BoJ policy while bond yields fell despite stronger inflation.
Updated
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Headlines (8)
Carried over from earlier days
- Japanese Yen pulls back slightly after hitting fresh monthly high vs broadly weaker USDFXStreet
- The Japanese yen is once again acting as a safe haven as growth concerns replace inflation fearsInvestingLive
- Global Tech Selloff Lifts Yen as French Bond Stress Weighs on EuroActionForex
- USD/JPY Breaks Support as Falling Treasury Yields Favor the YenInvesting.com
- Japanese Yen gathers strength as CPI inflation exceeds target, backing BoJ rate hikesFXStreet
- Japan core inflation tops BoJ’s 2% target for first time since December, yen firmsInvestingLive
- Japanese Yen retreats from one-month top vs recovering USD as focus remains on Fed and BoJFXStreet
- Japanese Yen pares gains as bond yields fall despite stronger inflationFXStreet
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Sunday, October 25 | ||
| Trade Balance | JPY | |
| Fed Monetary Policy Report | USD | |
| Monday, October 26 | ||
| SPPI y/y | 3.7% | JPY |
| Tuesday, October 27 | ||
| BOJ Core CPI y/y | 1.9% | JPY |
| ADP Weekly Employment Change | USD | |
| Core Durable Goods Orders m/m | 0.6% | USD |
| Durable Goods Orders m/m | 1.8% | USD |
| S&P/CS Composite-20 HPI y/y | 2.7% | USD |