{
  "id": 17108878,
  "title": "Japanese Yen struggles for direction as BoJ interest rate decision looms",
  "url": "https://urgent.news/2026/10/29/japanese-yen-struggles-for-direction-as-boj-interest-rate-decision",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-29T18:19:58.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/japanese-yen-struggles-for-direction-as-boj-interest-rate-decision-looms-202610291819"
  },
  "original_language": "en",
  "account": "The Japanese Yen (JPY) struggled for direction on Thursday as the Bank of Japan (BoJ) prepared to make a monetary policy decision on Friday. USD/JPY traded around 157.90, underperforming most of its major peers. It was expected that the BoJ would maintain interest rates at 1.25% following a 25-basis-point increase in September. Traders anticipated a potential rate hike to 1.5% by December due to higher energy and import costs. Inflation data showed prices excluding fresh food rose 2.1% year-over-year, above the BoJ's 2% target. Analysts noted that traders were more concerned with the guidance for rate hikes in December than the immediate decision.",
  "summary": "USD/JPY trades little changed on Thursday as the Japanese Yen (JPY) underperforms most of its major peers, although a softer US Dollar (USD) keeps the pair from gaining much ground. Traders remain cautious ahead of the Bank of Japan’s (BoJ) monetary policy announcement on Friday.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}