Overview
- Japan’s central bank left its policy rate unchanged on Oct. 30, with Governor Kazuo Ueda saying he wants to confirm more data before considering rate hikes.
- The yen weakened sharply on the guidance, briefly touching the upper ¥153 range in Tokyo and trading around ¥154.15–154.25 per dollar in New York, the softest in about nine months.
- Market participants expanded yen selling and dollar buying after interpreting the BOJ’s stance as cautious on near‑term tightening.
- The European Central Bank kept key rates steady for a third meeting, holding the deposit rate at 2.0% and the main lending rate at 2.15% as inflation hovers near its 2% goal.
- The ECB outlined a digital euro plan to complement cash, targeting trials from 2027 and readiness to issue by 2029, with testing to involve consumers, payment providers, and retailers.