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Yen Strengthens Amid Rising Prices and Tariff Truce

10/31/2025

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Story summary
  • The yen rose to 154.01 per dollar in Asian trading on October 31.
  • Japan's new finance minister, Satsuki Katayama, said the government is closely monitoring foreign exchange movements.
  • Tokyo core prices rose 2.8% in October, complicating the Bank of Japan's policy after it held rates.
  • The U.S. dollar remained steady after hitting a three-month high, influenced by mixed signals from central bank decisions and a tentative U.S.-China tariff truce.