FXStreet reported the dollar traded higher against the yen near ¥157.95 in early European trading Tuesday as investors awaited the U.S. October inflation release and considered the Bank of Japan’s latest policy discussion. The outlet posted its update at 1:49 a.m. ET (06:49 UTC).
The quoted rate measures yen per dollar, so its rise meant the dollar bought more yen. The Bank of Japan’s summary of its Oct. 29-30 meeting recorded one policy board member’s view that the central bank should keep another rate increase under consideration and avoid letting caution delay a decision. The document reports members’ opinions; it does not announce a policy change or set a date for another increase.
This continues EconoTimes’ coverage of yen trading ahead of Bank of Japan decisions, including an earlier report on the yen before the October meeting.
The U.S. Bureau of Labor Statistics (BLS) scheduled its October Consumer Price Index (CPI) release for 8:30 a.m. ET Tuesday. A lapse in federal appropriations prevented the agency from collecting October 2025 survey readings, leaving year-over-year comparisons unavailable for most CPI series, BLS said.
Forecasts ahead of the release differed. FXStreet reported expectations for monthly increases of 0.3% in headline CPI and 0.2% in core CPI, while Kiplinger cited Barclays economist Pooja Sriram’s forecast of a 0.2% headline rise. Those figures are forecasts, not official data.
Japan’s Ministry of Finance reported ¥15,399.3 billion in foreign-exchange intervention from July through September, involving dollar sales and yen purchases on July 30, July 31 and Aug. 3. The largest operation was ¥7,975.6 billion on July 30. FXStreet said traders were alert to possible further intervention; the quarterly figures document earlier operations, not a new move on Nov. 10.
The Bank of Japan’s next scheduled policy meeting is Dec. 17-18.
