# Yen gains against US dollar after Bank of Japan holds rates - The Business Times

> The yen gained against the dollar after the Bank of Japan held its main rate at 1.25% and signaled a more hawkish stance, with possible hikes every few months. Declining US Treasury yields also weighed on the greenback, and the yen was on track for a monthly loss in October.

- Date: 2026-11-01 · published 2026-11-01T12:08:20.821Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/8878-yen-gains-against-us-dollar-after-bank-of-japan-holds-rates-the-business-times
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer yen and weaker dollar shift Japanese import demand and dollar-denominated grain pricing, while BOJ tightening signals a higher-rate environment for global financing.

## Read by commodity

- DXY: bearish ▼
- USDJPY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-12-13 | [Gold jumps 1% as dollar slips on Fed rate outlook - The Business Times](https://feedsoft.ai/events/67390-gold-jumps-1-as-dollar-slips-on-fed-rate-outlook-the-business-times.md) | -0.4% | -1.8% |
| DXY | 2018-07-31 | [Yen strengthens against dollar ahead of BoJ decision - The HinduBusinessLine](https://feedsoft.ai/events/64285-yen-strengthens-against-dollar-ahead-of-boj-decision-the-hindubusinessline.md) | +0.6% | +0.6% |
| DXY | 2025-03-31 | [Yen holds gains vs US dollar ahead of tariff announcement](https://feedsoft.ai/events/25370-yen-holds-gains-vs-us-dollar-ahead-of-tariff-announcement.md) | -0.5% | -2.8% |
| DXY | 2022-09-28 | [Sterling, euro rally against dollar after Bank of England buys UK bonds](https://feedsoft.ai/events/39830-sterling-euro-rally-against-dollar-after-bank-of-england-buys-uk-bonds.md) | -1.8% | -1.5% |
| DXY | 2025-12-22 | [Japan's yen gains on intervention signals, softer US dollar](https://feedsoft.ai/events/21750-japan-s-yen-gains-on-intervention-signals-softer-us-dollar.md) | -0.5% | -0.7% |

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/yen-gains-against-us-dollar-after-bank-japan-holds-rates

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.