USD/JPY bias held neutral on September 13, 2026
CFTC positioning data show a yen reversal leading a broader positioning reset, and speculators have moved to a positive yen stance for the first time since February. At the same time, surging inflation has put interest rates back in focus ahead of central bank meetings in Japan, the US and UK, with Goldman Sachs backing a 25 basis point Fed hike after CPI. Those developments matter for USDJPY because they affect relative rate expectations and speculative positioning in the pair.
Updated
The reading that day
NeutralAt the close of the UTC day.
BearishNeutralBullish
It held all 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
- 00:00Neutral
Headlines (22)
First seen on September 13
- Speculators turn bullish on yen for first time since FebruaryInvesting.com
- Will the Fed defy Trump and raise rates?Financial Times
- Surging inflation puts interest rates back in focus as policymakers meet in Japan, US and UKThe Guardian
- As Japan’s yen peaks, is the era of budget-friendly trips coming to an end for Australian travellers?The Guardian
- Goldman Sachs backs 25bp Fed hike after CPICrypto.news
Carried over from earlier days
- 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
- Is Bessent winning the wrong battle in markets?Financial Times
- Fed Rate Hike Odds Near 90%. Where Did It Go Wrong For Trump’s Economy?BeInCrypto
- The Yen’s rescue had almost nothing to do with the TreasuryFXStreet
- Quarter-Point Hike Leads Polymarket’s September Fed Pricing at 62%cryptonews.com
- Bank of Japan: Gradual path toward neutral rate – INGFXStreet
- Japan PPI inflation beats expectations in August, stays close to 3-½ yr highHellenic Shipping News
- The Fed Is Poised to Raise Interest Rates for the First Time in YearsThe Wall Street Journal
- Economics Week AheadActionForex
- CFTC Report: Yen reversal leads a broader positioning resetFXStreet
- Goldman Sachs Flips to a Rate Hike as Bitcoin’s Price Stalls Under $80,000Bitcoin.com News
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 |