Macro Finance
Yen Extends Gains Against Dollar After BOJ Keeps Rates Steady
Bloomberg Markets·October 30, 2026·1 min read
The yen strengthened against the dollar after the Bank of Japan held interest rates steady, as expected, and indicated that underlying inflation has reached 2% for the first time. The BOJ's statement suggested a shift in its inflation outlook, boosting the currency as traders bet on a potential policy tightening later this year.
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