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ForexMediumUpdated×2•Originally published 12 November 2026•Updated 12 November 2026•
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Japanese Yen Recovers from Lows as Wholesale Inflation Accelerates in October

Key Facts

1The Japanese Yen recovered from a two-month low against the Dollar on Thursday.
2Japan's annual wholesale inflation accelerated to 7.1% in October from 6.8% in September.

The Japanese Yen recovered from a two-month low against the Dollar on Thursday, November 12, 2026. FXStreet reported that Japan's annual wholesale inflation accelerated to 7.1% in October, up from 6.8% in September.

Wholesale prices rose 0.7% on a monthly basis in October, strengthening the case for a Bank of Japan rate hike. The rebound was further supported by market caution regarding potential intervention by Japanese authorities as the currency traded near multi-month lows.

Market participants are looking ahead to Japan's GDP growth data scheduled for release on November 15, 2026, with an annualized forecast of 0.3%. Additionally, the Balance of Trade figures are due on November 17, 2026, providing further insight into the economic outlook.

Latest Updates · 2

  1. Notable·

    Update: The Japanese Yen's decline halted near the 160.00 level against the Dollar on November 12, 2026. This stabilization followed a 1.25% selloff in the currency over the previous two trading days.

  2. Major·

    Update: Japan's top currency diplomat, Atsushi Mimura, warned on November 12, 2026, against excessive and unstable currency movements. This verbal intervention followed the Dollar reaching 159.94 Yen, heightening the possibility of direct government action in the foreign exchange market.

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