Yen weakens on less hawkish BoJ despite intervention warning: Nov 2, 2026
The yen is underperforming despite discussion of persistent inflation and questions around another Bank of Japan rate hike, with headlines pointing to a less hawkish BoJ. Focus is also on intervention risk after Japan said its joint FX statement with the US persists and it will act against disorderly moves. Wider context includes central banks acting as expected, AI-related concerns and an oil shock as oil eases on Doha talks.
Updated
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The day on the wire
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Each tick is a headline first seen that day.
Headlines (9)
First seen on November 2
- Japan’s Katayama says joint FX statement with US persists, will act against disorderly movesFXStreet
- Japan factory PMI slips to 53.3, a seven-month low, as cost pressures pick upInvestingLive
- AI Concerns Grow as Central Banks Act as ExpectedActionForex
- Japanese Yen weakens amid less hawkish BoJ as bears shrug off fresh intervention warningFXStreet
- investingLive Asia-Pacific market news: Oil eases on Doha talksInvestingLive
- USD/JPY Price Forecast: Japanese Yen underperforms despite multiple tailwindsFXStreet
- BOJ continues to reaffirm that inflation is here to stay, so what's stopping another rate hike?InvestingLive
- USD/JPY Weekly Outlook: Oil Shock Offsets Mounting AI ConcernsInvesting.com
- FX option expiries for 2 November 10am New York cutInvestingLive
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Monday, November 2 | ||
| Final Manufacturing PMI | 53.3 | JPY |
| Final Manufacturing PMI | 56.0 | USD |
| ISM Manufacturing Prices | 77.2 | USD |
| ISM Manufacturing PMI | 54.5 | USD |
| Construction Spending m/m | 0.4% | USD |
| FOMC Member Goolsbee Speaks | USD | |
| Loan Officer Survey | USD | |
| Omdia Total Vehicle Sales | USD | |