In brief
Ahead of the Bank of Japan’s policy decision, the yen held near 157.8 per dollar as investors awaited the central bank’s stance on interest rates. The U.S. dollar declined following a wave of AI‑related stock sell‑offs and rising Treasury yields, sending risk‑averse sentiment toward the yen and other safe havens. The BoJ is expected to keep rates at 1.25%, with speculation about further hikes in December, while the euro and pound remained near $1.12 and $1.34 respectively.
Saudi Press Agency reported on 30 October 2026 that the Japanese yen steadied at roughly 157.8 per dollar ahead of the Bank of Japan’s policy meeting, while the U.S. dollar fell after a fresh sell‑off in AI‑related stocks and higher Treasury yields. The agency noted that the yen rose only marginally to about 157.815 per dollar earlier in the day and that the euro hovered near $1.12 and the pound near $1.34.
Both the Saudi agency and a Reuters‑derived note from investing.com confirm that the Bank of Japan is expected to keep its policy rate at 1.25 % and signal no immediate change, though the agency added that there is roughly an 80 % implied probability of a rate hike in December.
Investinglive.com echoed the agency’s data, saying the yen held near 157.8 per dollar ahead of the BoJ’s decision, and Reuters reported that the Bank of Japan would maintain rates while focusing on inflation that could over‑shoot its 2 % target.
The Saudi source also referenced a broader flight to safety, as the dollar dropped following the AI sell‑off, pushing investors toward the yen and Swiss franc. The agency’s own estimate of the dollar’s decline was linked to the rise in U.S. Treasury yields.
Thus, the yen’s stability and the dollar’s weakness are confirmed by multiple outlets, with the BoJ’s commitment to hold rates steady being a key unconfirmed expectation that may change when future inflation and market dynamics evolve.
