The yen rose to 156.08 per dollar early Friday in Asian trading as investors sought safer positions during a tech selloff, according to MUFG Research, despite higher U.S. policy rates. MUFG linked the move to risk aversion after the Nasdaq Composite fell 2.6% overnight on concerns about AI spending. The Fed's target range was 3.75% to 4.00% after its Sept. 16 decision, while the BOJ's overnight call-rate guideline was around 1.25%, leaving the U.S. rate 2.5 to 2.75 percentage points higher. Reuters reported that strategists viewed the yen buying as hedging rather than Japanese institutions bringing money home. The Fed meets Oct. 27-28 and the BOJ on Oct. 29-30.
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Related tickers and likely impact
NVDA
▼ Likely negativeNvidia
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/23/2026 | 211.00 |
| Change that session | -0.57% |
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/23/2026 | 704.39 |
| Change that session | -0.01% |
USD/JPY
▼ Likely negativeRelevance: medium
| Market | Currencies |
|---|---|
| Close on 10/23/2026 | 156.843 |
| Change that session | +0.05% |
SPY
▼ Likely negativeSPDR S&P 500 ETF
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/23/2026 | 759.85 |
| Change that session | -0.54% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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