Yen ticks up as BOJ holds and dollar falls on Fed expectations: Oct 31, 2026
The Bank of Japan held rates, with a hold at 1.25% expected, while guiding to further tightening, as Governor Ueda said the bank will stick to its rate hike path after hitting its 2% price target. At the same time the dollar fell broadly as markets scaled back expectations for Fed hikes beyond December, and the Japanese yen ticked up from session lows after mixed US data, with 160 described as the yen's red line.
Updated
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Headlines (8)
Carried over from earlier days
- Japanese Yen ticks up from session lows after the release of mixed US dataFXStreet
- 160 is still the Yen's red lineFXStreet
- Economic and event calendar in Asia - all eyes on Japan for the BoJInvestingLive
- BoJ decision due shortly: hold at 1.25% expected, December signal in focuInvestingLive
- BOJ governor Ueda says will stick to rate hike path in response to latest macro developmentsInvestingLive
- Bank of Japan hits 2% price targetING Think
- Bank of Japan holds rates and guides to further tighteningFinancial Times
- Dollar Falls Across the Board as Markets Scale Back Fed Hike Expectations Beyond DecemberActionForex
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Sunday, November 1 | ||
| Daylight Saving Time Shift | USD | |
| FOMC Financial Stability Report | USD | |
| Monday, November 2 | ||
| Final Manufacturing PMI | 53.3 | JPY |
| Final Manufacturing PMI | 56.0 | USD |
| ISM Manufacturing PMI | 54.7 | USD |
| Construction Spending m/m | 0.3% | USD |
| ISM Manufacturing Prices | 77.2 | USD |
| FOMC Member Goolsbee Speaks | USD | |