Neutral
USD/JPY reaches 158.035 yen before closing at 157.790 yen on October 28, 2026.
On October 28, 2026, USD/JPY peaked at 158.035 yen but closed slightly lower at 157.790 yen. The initial rise was driven by strong U.S. stock performance, particularly in AI-related sectors, with the Philadelphia Semiconductor Index surging 3.60%. However, selling pressure intensified as Japanese exporters and other end-users actively sold dollars and bought yen on the last day of the month's settlement. Additionally, Japanese Finance Minister Satsuki Katayama's statement that authorities are closely monitoring financial market trends, including interest rates and exchange rates, provided support to the yen.
Key points
- USD/JPY reached an intraday high of 158.035 yen before closing at 157.790 yen, down 0.06% from the previous day.
- The initial rise was fueled by strong U.S. stock performance, especially in AI-related sectors.
- Selling pressure increased as Japanese exporters and end-users sold dollars and bought yen on the month's settlement day.
- Finance Minister Satsuki Katayama's remarks about monitoring financial markets supported the yen.
Sources
AI-generated from public news sources. Not financial advice.
