Live updates: promos, term changes, new challenges, payouts.
The pair reached 159.95 - right up against the round 160 mark and the highest since September 2. Japanese Finance Ministry currency official Atsushi Mimura said markets should not forget about intervention risks, and the rate pulled back from that zone.
Japanese producer output prices rose 7.1% year-on-year in October instead of the expected 6.5%. This increases pressure on the Bank of Japan to raise the rate on December 17-18 - the third time in a calendar year, something that has not happened since 1989.
Japan's largest broker Nomura is in preliminary talks to sell Laser Digital, its crypto business for institutional clients. London-based Marex Group is named among possible buyers. Bloomberg reported this on November 11.
DXY (dollar index, the dollar's exchange rate against a basket of currencies) reached 103.048 during the Asian session on Thursday - for the first time since early April 2025. In the previous session it gained 0.7% after US inflation came in above forecast.
The yen weakens for the second day in a row after October US inflation data. The market has almost fully priced in a Fed rate hike in December, and less than a figure remains to the 160 level, near which Tokyo has already entered the market with interventions.
A group of major banks invested about $270 million in the Faro project - the issuance of its own stablecoin (a coin with an exchange rate pegged to the dollar). The money will cover five years of operation for the issuing company, and the coin's launch itself is stated for the first half of 2027.
The DXY dollar index fell to 101.40 (-0.44% for the day) after the Democrats took both chambers of Congress. Yet the yen failed to capitalize on this: USD/JPY holds near 158.32, having lost just 0.24%.
On the morning of November 4, the Japanese market moved lower across the entire technology sector. Reuters links the sell-off to fears that a Democratic victory in the US elections will lead to tighter regulation of artificial intelligence.
On the morning of November 2, the head of the Bank of Japan once again signaled readiness to raise the key rate. No specific dates or figures were announced, but for the market this is not the first such hint in recent months.
Bitcoin gained about 1% to ~$78,600 in Monday morning hours and is closing its third straight day of gains - even as a week ago Binance disclosed a $6.3B theft, the largest in crypto exchange history.
South Korean Mirae Asset has agreed to buy the proprietary trading division from Japan's Okasan Securities. The deal is worth about $32 million, and through it the Korean group is entering the Japanese market. Nikkei Asia reported the deal on October 28.
Japanese Finance Minister Satsuki Katayama said on Tuesday, October 27, that the government is ready for decisive action in the currency market. This is a direct hint at intervention - selling dollars from reserves to support the yen.
On October 16, the U.S. Treasury publicly stated that Japan is no longer living in deflation, which means the yen exchange rate must reflect this. This is a repeated call for Tokyo to strengthen the JPY against the USD.
G7 countries plan to release up to 100 million barrels of diesel fuel and crude oil from strategic reserves. On this news, oil fell by about 3%, but later the decline stopped due to persistent geopolitical risks surrounding Iran.
USD/JPY rose to 158.44, and the yen lost about 0.5% after the release of the Bank of Japan's summary of opinions. The market saw no signal in the document for a rate hike as early as October, and the absence of currency interventions further increased pressure on the yen.
