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Analysts say the yen should stay under pressure because the BOJ showed no sign of normalising policy while the Fed continues tightening. The BOJ kept rates at -0.1 percent and the 10-year yield target at 0 percent, and kept its JGB purchase pledge.
Widening policy divergence supports the dollar against the yen, which lifts dollar-denominated feed costs for Japanese buyers and sits within broader dollar strength.
forex.comGlobal authorOct 31, 2018After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
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.
