USD/JPY hits two-week highs near 153.50 as BoJ tightening hopes fade

Tony
coverImg
Source: DepositPhotos

  • The Yen extends losses on dovish BoJ comments and higher US Yields.


  • Hopes of gradual easing by the Fed are keeping the US Dollar buoyed.


  • US Vdata seen this week revealed that inflation pressures are picking up.





The US Dollar is trading higher on Friday, approaching the 153.50 area supported by the widening gap between US and Japanese Treasury yields, as hopes of a BoJ hike next week fade.

A Bloomberg report citing BoJ officials revealed that the bank sees little cost in waiting to hike rates. These comments have boosted speculation that the Bank will keep rates on hold next week hammering the Yen across the board.

In the US, data released on Thursday was mixed, with US Jobless Claims increasing against expectations and Producer Prices accelerating beyond the market consensus.

These figures, coupled with the strong US CPI reading seen earlier this week, confirm that inflation pressures are picking up and endorse the view of only gradual Fed easing next year. 
 

US Dollar PRICE Today

The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Japanese Yen.



  USD EUR GBP JPY CAD AUD NZD CHF
USD   -0.22% 0.16% 0.60% -0.05% -0.12% -0.00% 0.17%
EUR 0.22%   0.38% 0.84% 0.17% 0.10% 0.21% 0.39%
GBP -0.16% -0.38%   0.45% -0.21% -0.29% -0.17% 0.00%
JPY -0.60% -0.84% -0.45%   -0.64% -0.73% -0.62% -0.44%
CAD 0.05% -0.17% 0.21% 0.64%   -0.08% 0.06% 0.21%
AUD 0.12% -0.10% 0.29% 0.73% 0.08%   0.12% 0.29%
NZD 0.00% -0.21% 0.17% 0.62% -0.06% -0.12%   0.17%
CHF -0.17% -0.39% -0.00% 0.44% -0.21% -0.29% -0.17%  



The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).

 

Read more

  • Silver Price Forecast: XAG/USD falls to near $63.50 amid Fed hike bets, higher oil prices
  • * The content presented above, whether from a third party or not, is considered as general advice only.  This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.

    goTop
    quote
    Related Articles
    placeholder
    【Daily Brief】10-year Treasury yield briefly tops 5%, S&P 500 slips to 7,602 and the dollar firms at 99.3 as the Fed's decision eve beginsThe 10-year Treasury yield touched 5.014% on Monday — its first print above 5% since October 2023 — while the S&P 500 closed 0.48% lower at 7,619.98 and the dollar index firmed to 99.3. Here is the full market wrap ahead of Wednesday's FOMC decision, the dot plot and the August retail sales report, plus today's CLARITY Act Senate vote.
    Author  Irene Q.
    7 hours ago
    The 10-year Treasury yield touched 5.014% on Monday — its first print above 5% since October 2023 — while the S&P 500 closed 0.48% lower at 7,619.98 and the dollar index firmed to 99.3. Here is the full market wrap ahead of Wednesday's FOMC decision, the dot plot and the August retail sales report, plus today's CLARITY Act Senate vote.
    placeholder
    US August CPI lands tonight: after a 5.4% PPI shock, will the Fed hike on September 16?US August PPI came in at 5.4% year-on-year, above the 5.3% consensus, with core PPI at 4.6%. Traders have pushed the odds of a 25bp Fed hike on September 15-16 to around 70%. Tonight's CPI is the last major inflation print before the decision — here is the full calendar, the consensus numbers, and what a hot versus cool reading would mean for the dollar, yields, gold and stocks.
    Author  Irene Q.
    Sep 11, Fri
    US August PPI came in at 5.4% year-on-year, above the 5.3% consensus, with core PPI at 4.6%. Traders have pushed the odds of a 25bp Fed hike on September 15-16 to around 70%. Tonight's CPI is the last major inflation print before the decision — here is the full calendar, the consensus numbers, and what a hot versus cool reading would mean for the dollar, yields, gold and stocks.
    placeholder
    US August CPI Preview: Will Inflation Reaccelerate? US Stocks, Dollar and Gold Face Key Test On Friday, September 11 (ET), the U.S. Bureau of Labor Statistics will release the Consumer Price Index (CPI) for August, the final major inflation report before the Federal Reserve's Sep
    Author  TradingKey
    Sep 10, Thu
    On Friday, September 11 (ET), the U.S. Bureau of Labor Statistics will release the Consumer Price Index (CPI) for August, the final major inflation report before the Federal Reserve's Sep
    placeholder
    US August PPI Preview: Producer Inflation May Reaccelerate, How Will US Stocks, Dollar, and Gold React?The U.S. Bureau of Labor Statistics will release the August Producer Price Index (PPI) at 8:30 a.m. ET on September 10. Against the backdrop of U.S. August non-farm payrolls significantly
    Author  TradingKey
    Sep 09, Wed
    The U.S. Bureau of Labor Statistics will release the August Producer Price Index (PPI) at 8:30 a.m. ET on September 10. Against the backdrop of U.S. August non-farm payrolls significantly
    placeholder
    US dollar clings to nine-week lows near 98.4 as Brent nears $100 and the yen hits a seven-month high — five events to watch todayThe dollar is pinned near nine-week lows even after a blockbuster jobs report, as an oil spike toward $100, a surging yen and China's reflation data crowd the driver's seat. Five key events to watch today: Brent at $99.46, USD/JPY at 154, China CPI/PPI, PBOC gold buying, and Thursday's PPI / Friday's CPI ahead of the September 15-16 FOMC.
    Author  Eric Nkando
    Sep 09, Wed
    The dollar is pinned near nine-week lows even after a blockbuster jobs report, as an oil spike toward $100, a surging yen and China's reflation data crowd the driver's seat. Five key events to watch today: Brent at $99.46, USD/JPY at 154, China CPI/PPI, PBOC gold buying, and Thursday's PPI / Friday's CPI ahead of the September 15-16 FOMC.

    USD Related Articles

    • Financial Markets 2026: Volatility Catalysts in Gold, Silver, Oil, and Blue-Chip Stocks—A CFD Trader's Outlook
    • Best Currency Pairs To Trade 2026: Guide to Choosing Currency Pairs
    • Trading Chart Patterns:Ultimate Guide to Price Action
    • Australian Dollar Forecast In 2024/2025/2026: Should I Buy AUD/USD Or Other AUD Currency Pairs?
    • AUD/USD holds above 0.6500, eyes on RBA Minutes

    Click to view more