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The BoJ held its policy rate at 1.25% in an 8-1 vote, with one member dissenting in favour of a hike. Its statement said core inflation is likely to stay near target and risks remain tilted to the upside, and a hot Tokyo CPI report added to December hike expectations.
USD/JPY fell for a third day while US-Iran diplomacy hopes and lower US yields weighed on the dollar.
Expectations of a December BoJ hike and softer US yields are pushing the yen higher, a macro move with little direct bearing on feed commodity prices.
fxstreet.comHaresh MenghaniOct 30, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
