Yen weakens past 158 per dollar despite hawkish Bank of Japan meeting summary

The Japanese yen weakened past 158 per US dollar as the Nikkei 225 surged 2.4% above 68,000, despite the Bank of Japan's September meeting summary revealing policymaker calls for accelerated interest rate hikes. Meanwhile, Japan's manufacturing sector moderated in September, with the S&P Global Manufacturing PMI declining to a six-month low of 54.1 from 54.9 in August. Slower momentum in output and new orders drove the deceleration, though the sector completed its strongest quarterly performance since Q1 2014 amid resilient export demand and elevated output prices.