Overview
- In late New York trading on Oct. 31, the yen was quoted at ¥153.94–¥154.04 per dollar.
- At 03:00 JST on Nov. 1, Tokyo quotes showed the dollar around ¥154.08–¥154.12 and the euro near ¥177.55–¥177.62.
- By 17:00 JST on Oct. 31 in Tokyo, the dollar stood at ¥154.30–¥154.32, marking about 87 sen of yen weakening from the prior day.
- The Bank of Japan kept its policy rate unchanged at its latest meeting, deferring a rate increase.
- Traders reported stronger views that the Japan–U.S. interest-rate gap will not narrow soon as U.S. long-term yields rose and expectations for Fed cuts receded.