Recap - BOJ’s Ueda sees inflation near 2% but flags upside risks as energy costs bite
It supports expectations that the BOJ will keep normalising policy, which is mildly supportive for the yen and leaves upward pressure on Japanese government bond yields. First up are comments from Bank of Japan Governor Kazuo Ueda, who noted the central bank anticipates underlying inflation…
In this article
In the latest Japanese yen update, it supports expectations that the BOJ will keep normalising policy, which is mildly supportive for the yen and leaves upward pressure on Japanese government bond yields, according to investingLive Central Banks. First up are comments from Bank of Japan Governor Kazuo Ueda, who noted the central bank anticipates underlying inflation to stay around its 2% target but sees some upside risks.
Key points
- Georgieva's warning on AI-related turbulence adds to a theme already weighing on global tech this week.
- The resulting turbulence, she stated, would complicate central banks' work at a time of increasing risks to price stability.
- He noted the BOJ watches the actions of other central banks very closely because they influence asset prices.
What happened: Japanese yen
Georgieva's warning on AI-related turbulence adds to a theme already weighing on global tech this week. He noted the BOJ watches the actions of other central banks very closely because they influence asset prices, including exchange rates and borrowing costs, and reveal how rate-setters elsewhere view their own economies. The resulting turbulence, she stated, would complicate central banks' work at a time of increasing risks to price stability.
Why traders are watching Japanese yen
The yen is driven by the gap between Japanese and overseas interest rates and by its role as a safe haven. Changes in Bank of Japan policy or intervention risk can trigger fast moves in USD/JPY.
Because many carry trades are funded in yen, sudden shifts in Japanese policy can ripple through global markets.
Market reaction and data
On the currency side, the latest ECB daily reference rates (2026-11-06) show EUR/USD 1.1165, GBP/USD 1.3385, AUD/USD 0.6871, NZD/USD 0.5544, USD/JPY 158.33, USD/CHF 0.8189, USD/CAD 1.4066, USD/CNY 6.6713. These are reference fixes, not live quotes.
What to watch next for Japanese yen
Watch for Bank of Japan guidance, comments from Japan's finance ministry about currency moves, and US yields, which strongly influence USD/JPY.
Key scheduled releases on the economic calendar:
- USD Core CPI m/m on Tue Nov 10, 13:30 UTC, forecast 0.2%, previous 0.3%
- USD CPI m/m on Tue Nov 10, 13:30 UTC, forecast 0.3%, previous 0.6%
- GBP GDP m/m on Thu Nov 12, 07:00 UTC, forecast 0.0%, previous 0.1%
- USD Core PPI m/m on Fri Nov 13, 13:30 UTC, forecast 0.3%, previous 0.7%
- USD PPI m/m on Fri Nov 13, 13:30 UTC, forecast 0.4%, previous 1.3%
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FAQ
What is the latest Japanese yen news?
It supports expectations that the BOJ will keep normalising policy, which is mildly supportive for the yen and leaves upward pressure on Japanese government bond yields.
Why is the yen called a safe haven?
Japan is a large creditor nation, so in times of stress Japanese investors bring money home and traders close yen-funded positions, which tends to lift the currency.
Where does this information come from?
This report is based on coverage from investingLive Central Banks, checked against market data where available. It is a summary for information only and not investment advice.
Risk warning: This article is for information only and is not investment advice. Trading forex, CFDs, stocks and crypto carries a high risk of losing money. Prices move fast – check live quotes before you trade.
