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2025-10-30 17:17:44
[Yen Collapses Across the Board, Euro Hits Record High Against Yen] ⑴ The yen weakened significantly after the Bank of Japan kept its interest rate policy unchanged. ⑵ The dollar rose from 152.16 to 153.89 against the yen on Thursday, a substantial intraday gain. ⑶ Technical analysis suggests the dollar/yen pair may further test the previous high of 154.80 reached on February 12. ⑷ The euro surged to a record high of 178.70 against the yen. ⑸ Although Governor Kazuo Ueda hinted at possible future interest rate hikes and emphasized the key role of wage growth momentum, the market reacted negatively. ⑹ The yen's decline was mainly due to the central bank's denial of lagging behind the inflation risk curve, which weakened expectations of tightening.
