USD/JPY bias turned neutral on September 12, 2026
The Japanese Yen has strengthened this week as market participants increasingly anticipate a Bank of Japan rate hike, with some expecting a 25 basis point increase and an extended tightening cycle. This yen outperformance comes as US inflation data failed to sustain a Dollar rebound. However, yield differentials are cited as a risk of fresh yen losses against the US Dollar.
Updated
The reading that day
NeutralAt the close of the UTC day.
BearishNeutralBullish
It changed once 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
- 00:16Neutral
Headlines (10)
Carried over from earlier days
- Bank of Japan Tightening Bets, U.S. Pressure Spark Yen RecoveryThe Wall Street Journal
- Kickstart the NA trading day with a technical look at the EURUSD, USDJPY and GBPUSD. What levels are key.InvestingLive
- Bank of Japan preview: 25bp hike incomingING Think
- Japanese Yen outperforms this week as market bets on BoJ's extended tightening cycleFXStreet
- Japanese Yen: Yield pressure risks fresh losses against US Dollar – OCBCFXStreet
- Japanese Yen strengthens as US inflation fails to sustain Dollar reboundFXStreet
- Bank of Japan: Hawkish hike prospects grow – DBSFXStreet
- Higher than expected core CPI gives Fed enough to tightenFinancial Times
- Forget the Fed. The Bank of Japan could deliver next week’s market shock.MarketWatch
- The Yen’s rescue had almost nothing to do with the TreasuryFXStreet
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Monday, September 14 | ||
| Revised Industrial Production m/m | 0.1% | JPY |
| Tuesday, September 15 | ||
| Tertiary Industry Activity m/m | 0.3% | JPY |
| ADP Weekly Employment Change | USD | |
| Empire State Manufacturing Index | 14.1 | USD |
| API Weekly Statistical Bulletin | USD | |
| Core Machinery Orders m/m | -1.1% | JPY |
| Trade Balance | -0.98T | JPY |
| Wednesday, September 16 | ||
| Import Prices m/m | 0.0% | USD |