Nikkei 225 Opens Higher With Bank of Japan Decision Due
As seen on the 24/7 Wall St. homepage on October 29, 2026.
Tokyo opened 0.23% higher with the Bank of Japan decision hours away, and the hold is already priced. The guidance is the trade: any hawkish tilt toward a December hike flips the yen and resets exporter margins.
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Tokyo's benchmark edged up 0.23% at the open on October 29, and the timing is what gives that move weight.
The Bank of Japan is set to deliver its policy decision within hours, and markets have already absorbed a hold as the base case. That consensus is visible in how orderly the open was: no panic, no rush, just a small bid.
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Traders are positioning around the guidance that follows the decision. A hawkish signal tilting toward a December rate hike would lift the yen and compress the revenue Japan's major exporters report in local currency terms.
The index traded well below current levels for much of the past two weeks before recovering. Whether today's tick higher extends or stalls depends on how the Bank of Japan frames what comes next.