Yen Falls 3% Even After the BoJ Hikes to a 31-Year High

USD/JPY is climbing on Fed and BoJ policy divergence, with the yen down over 3% in two weeks despite a Bank of Japan hike to a 31-year high. Fiona Cincotta, StoneX Senior Market Analyst, breaks down the forces behind the yen's slide and what the USD/JPY chart shows about momentum. The U.S. composite PMI hit its strongest level in over five years, lifting October Fed rate hike odds to 75% and the 10-year Treasury yield to 19-year highs. A WTI crude rebound adds to inflation concerns, while Governor Ueda did not convince markets the Bank of Japan will keep hiking, sending USD/JPY back toward the zone linked to yen intervention. 0:00 Yen Slides to a Three-Week Low 0:31 U.S. PMI Jolts Fed Hike Odds 1:27 Oil and Yields Back the Dollar 1:52 BoJ Hikes but the Yen Buckles 2:24 USD/JPY Breaks Its Trendline 2:45 Yen Intervention Zone Returns 3:02 Where the Support Cluster Sits Discover Actionable Insights with the latest Market Outlook Reports: https://intel.stonex.com/offer?language=en&campaignId=A908C315-DC62-4F35-AC16-870BB71E84D1&utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_fiona_cincotta&utm_content=share Like and subscribe for more financial market insights. #USDJPY #Forex #StoneX #FionaCincotta