Dollar-yen edged above yesterday's high to 157.64, while euro-yen rose to 178.57. The BOJ Tankan showed that business conditions indices for large manufacturers and non-manufacturers rose, although the results were below market expectations. Views on the BOJ's next policy decision were also reported.
Dollar-yen exceeded the previous day's high of 157.53 and rose to 157.64. This indicates that the yen's weakening trend is continuing. Euro-yen rose to 178.57.
In the BOJ Tankan's September survey, business conditions indices for large manufacturers and non-manufacturers rose from the June survey, but came in slightly below market expectations.
At the BOJ Monetary Policy Meeting, the view was expressed that it would be appropriate to continue raising the policy rate and adjusting the degree of monetary easing in response to economic, price and financial conditions; that the pace of rate hikes might have to be accelerated if signs of an upside surprise in prices emerged; and that excessive price increases should be curbed.