Yen in focus as dollar falls on Fed outlook, BOJ holds rates: Nov 1, 2026
The dollar fell broadly as markets scaled back expectations for further Federal Reserve rate hikes beyond December, with the decline occurring alongside lower yields. The Bank of Japan held rates steady while guiding toward further tightening after declaring progress against deflation, putting the policy outlook in focus for the yen.
Updated
This day is still open. Its readings are published once it closes. The live reading is on the USD/JPY page.
Headlines (13)
Carried over from earlier days
- BOJ declares inflation victory but still won't budge on rates, so what's the hold-up?InvestingLive
- BOJ governor Ueda says will stick to rate hike path in response to latest macro developmentsInvestingLive
- Bank of Japan Holds Rates, Closing a Week Where Every Dissent Called for a HikeBeInCrypto
- Japanese Yen trims gains as Ueda remains vague about the next rate hikeFXStreet
- Euro edges higher against the Japanese Yen following BoJ monetary policy decisionFXStreet
- Bank of Japan hits 2% price targetING Think
- Bank of Japan holds rates and guides to further tighteningFinancial Times
- Greenback Dragged Lower by Questions of the AI Mememarctomarket.com
- investingLive European session wrap: AI spending fears spook tech stocks; dollar falls alongside yields, goldInvestingLive
- Dollar Falls Across the Board as Markets Scale Back Fed Hike Expectations Beyond DecemberActionForex
- "Mission Accomplished": BOJ Declares Victory Over Deflation, Then Speeds Up ETF Dump To A Breakneck 43 YearsZeroHedge
- Fed’s Logan calls for two more rate hikes; pause won’t alter pathFXStreet
- The Fed held interest rates steady, but these officials see more hikes coming soonMarketWatch
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 | |