Yen Slides to Nine-Month Low After BOJ Holds Rates, Signals Caution

Investor expectations for a later hike drove the currency to the mid‑153s in Tokyo then the low‑154s in New York.

Overview

The Bank of Japan left its policy interest rate unchanged at its Oct. 30 meeting.
Governor Kazuo Ueda said he wants to check a little more data before deciding on any rate increases.
Traders interpreted the cautious stance as a delay to tightening, triggering broad yen selling and dollar buying.
In Tokyo, the yen weakened to around 153.43–153.45 per dollar at 5 p.m., down ¥1.38 from the previous day.
In New York, the yen traded near 154.15–154.25 per dollar, down ¥1.47 and marking the weakest level since mid‑February.