Business · Markets · 2 hrs ago
Yen falls to around 157.5 per dollar ahead of central bank meetings
The yen weakened against the dollar in early Tokyo trading, reaching 157.54 to 157.55 yen per dollar at 8:30 a.m.
on October 27.
That was 42 sen weaker than at 5 p.m.
the previous day.
The move came as investors adjusted their positions ahead of central bank policy meetings this week in the United States, Japan and Europe.
The US Federal Reserve meets on October 27 and 28, and many market participants expect it to leave rates unchanged.
Investors are looking for clues about the timing and pace of future US rate increases, including from the Fed’s December meeting onward.
Talks in Tehran involving Saudi, Turkish and Pakistani officials aimed to ease regional tensions, but concerns that US-Iran tensions could rise again after the November 3 US midterm elections limited demand for the yen.
The yen edged higher against the euro, while the euro fell against the dollar.
The yen weakened to 157.54–55 per dollar in early Tokyo trading on October 27.
The rate was 42 sen weaker against the dollar than at 5 p.m. the previous day.
Selling of yen and buying of dollars ahead of central bank meetings scheduled for that week drove the move.
Many market participants expected the US Federal Reserve to leave interest rates unchanged at its October meeting.
The yen edged higher against the euro, trading at 176.01–03 yen per euro.
- Who
- The yen and the US dollar traded lower and higher, respectively, in early Tokyo foreign exchange trading.
- What
- The yen weakened to 157.54–55 per dollar, while edging higher against the euro.
- When
- At 8:30 a.m. on October 27, 2026.
- Where
- The Tokyo foreign exchange market.
- Why
- Yen selling and dollar buying ahead of central bank meetings scheduled for that week led the move.
This story does not have two clearly opposing sides.
Saudi, Turkish and Pakistani officials visited Tehran and met with President Pezeshkian and others.
Saudi Arabia’s foreign ministry said the visit was intended to support mediation by Qatar and Pakistan.
The yen traded at 157.54–55 per dollar in early Tokyo trading.
- Dollar exchange rate
- 157.54–55 yen per dollar
- Daily change
- 42 sen weaker against the dollar than at 5 p.m. the previous day
- Euro exchange rate
- 176.01–03 yen per euro
- Federal Reserve meeting
- October 27–28
- Expected Fed decision
- Many expected rates to remain unchanged
What people are saying
support the mediation being pursued by Qatar and Pakistan