Yen subdued as traders await Fed and BoJ decisions: Oct 28, 2026
The Japanese yen has retreated against a firmer U.S. dollar as traders await monetary policy decisions from the Federal Reserve and the Bank of Japan, with a BoJ rate hold widely expected. Higher oil prices lifting Japan's import costs and a warning from Japan's Katayama that the government is prepared to take decisive steps in the FX market are also in focus.
Updated
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Headlines (11)
First seen on October 28
- Japanese Yen remains subdued as higher oil increases import costsFXStreet
- BOJ Rate Hold Seen as Done Deal, Putting Focus on GuidanceThe Wall Street Journal
Carried over from earlier days
- BOJ to hold at 1.25%, but Ueda signals further hikes toward neutralInvestingLive
- Japanese Yen holds near one-month top vs weak USD as traders await Fed, BoJ meetingsFXStreet
- Fed, ECB and BoJ to make rate decisions amid inflation risksaa.com.tr
- Japanese Yen underperforms as US Dollar bounces back, Fed-BoJ takes centre stageFXStreet
- Moody's Did Not Downgrade France and Peripheral Premiums are Narrower, but the Euro Struggles to Find Tractionmarctomarket.com
- A BoJ hold is expected Friday after the Yen gives back half its gainFXStreet
- Japanese Yen extends slide vs firm USD as traders keenly await Fed, BoJ policy meetingsFXStreet
- Japan’s Katayama says government is prepared to take decisive steps in FX marketFXStreet
- Japanese Yen retreats as traders await Fed and BoJ monetary policy decisionsFXStreet
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Wednesday, October 28 | ||
| Goods Trade Balance | -130.4B | USD |
| Prelim Wholesale Inventories m/m | 0.5% | USD |
| Crude Oil Inventories | 0.1M | USD |
| Federal Funds Rate | 4.00% | USD |
| FOMC Statement | USD | |
| FOMC Press Conference | USD | |
| Thursday, October 29 | ||
| Consumer Confidence | 35.1 | JPY |
| Core PCE Price Index m/m | 0.3% | USD |