USD/JPY bias flipped 17 times to bearish on September 8, 2026
Strong Japanese wage and GDP data have bolstered expectations for additional BOJ rate hikes, driving the yen to its strongest level since February and pressuring the dollar index. Accelerated yen buying and commentary on yen strength further support this move, while Japan's record foreign reserve drop underscores recent intervention efforts. These fundamentals are the primary drivers for USD/JPY at present.
Updated
The reading that day
BearishAt the close of the UTC day.
BearishNeutralBullish
It changed 17 times during the day.
The day on the wire
00:0006:0012:0018:0024:00
The band shows the reading through the day; a mark shows where it changed. Each tick is a headline first seen that day.
The reading through the day
- 00:00Bearish
- 07:19Weak bullish
- 07:34Bearish
- 08:39Weak bullish
- 09:05Bearish
- 10:10Weak bullish
- 10:25Bearish
- 10:55Weak bearish
- 11:15Bearish
- 12:10Weak bearish
- 12:25Bearish
- 14:15Bullish
- 14:30Bearish
- 16:45Weak bullish
- 17:45Weak bearish
- 18:37Bearish
- 20:16Weak bearish
- 23:16Bearish
Headlines (15)
First seen on September 8
- Japan GDP revision cements BOJ hike bets, yen and Nikkei in focusInvestingLive
- Yen Strengthens Further; Sentiment Toward Currency Has ‘Materially’ ShiftedThe Wall Street Journal
- Japanese Yen rallies to February 18 high as upbeat wage data and GDP lift BoJ hike betsFXStreet
- Yen Hits Six-Month High Against Dollar on BOJ Rate-Hike BetsThe Wall Street Journal
- Yen extends rally as BOJ hike bets gather paceInvesting.com
- Yen Rally Accelerates on Strong Japan Data, AUD/JPY and NZD/JPY Break Down for Different ReasonsActionForex
- Forex Today: Japanese Yen extends rally, Oil prices climb higherFXStreet
- Japan Finally Gets Its Stronger Yen. Forecast as of 08.09.2026LiteFinance
- Why the yen’s rise to a six-month high could go furtherMarketWatch
Carried over from earlier days
- Yen's sharp weekly rally tied to BOJ rate hike repricingInvestingLive
- Japan reserves plunge record $79.6 billion after massive yen interventionInvesting.com
- Japanese Yen Climbs to Six-Month High as Rate Outlooks ShiftThe Wall Street Journal
- Nobody has unwound the Japanese Yen carry trade yetFXStreet
- United States Dollar Index trades under pressure as Yen buying acceleratesFXStreet
- investingLive Americas FX news wrap 7 Sept: USD falls as the yen surges on BOJ rate-hike expectationsInvestingLive
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Tuesday, September 8 | ||
| Economy Watchers Sentiment | 46.3 | JPY |
| NFIB Small Business Index | 99.4 | USD |
| Consumer Credit m/m | 11.9B | USD |
| M2 Money Stock y/y | 2.2% | JPY |
| Prelim Machine Tool Orders y/y | JPY | |
| Wednesday, September 9 | ||
| Prelim Machine Tool Orders y/y | JPY | |
| ADP Weekly Employment Change | USD | |
| 10-y Bond Auction | USD | |