Yen Holds in Low-158 Range During Quiet FX Sessions

Overview

• The yen traded in the low-158 per dollar range on Thursday, Oct. 8, 2026, with Tokyo quotes around ¥158.18–19 and New York quotes about ¥158.15–25.
• The euro showed similarly muted moves, trading near ¥177 in Tokyo and around $1.1184–1.1194 (about ¥176.98) in New York.
• Market moves were small because the September Federal Open Market Committee minutes were judged to be within market expectations and offered few surprises for monetary policy.
• Dealers described a wait-and-see mood, with an FX broker saying participants want to assess the next triggers before taking larger positions.
• Traders will watch incoming U.S. data and central-bank signals that could change expectations for interest-rate differences, which are the main force that drives dollar-yen moves.