October 16, 2026
Business

Yen wallows near record low to euro as BOJ keeps cautious tone after rate hike(Soban News)

The yen weakened against major currencies after the Bank of Japan maintained its cautious stance on future interest rate hikes, despite a recent quarter-point increase. Officials expressed concern over sharp currency movements and hinted at potential intervention, but markets remained unimpressed by the lack of hawkish signals.

​The yen weakened against major currencies after the Bank of Japan maintained its cautious stance on future interest rate hikes, despite a recent quarter-point increase. Officials expressed concern over sharp currency movements and hinted at potential intervention, but markets remained unimpressed by the lack of hawkish signals. by Soban News (international And National News)

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