Japanese Yen strengthens following hawkish BoJ comments
USD/JPY extends its losses for the second consecutive day, trading around 156.80 during the European hours on Thursday.
The Japanese Yen (JPY) surged against the US Dollar (USD) on Thursday, with the USD/JPY pair trading around 156.80 in European trading hours. This move came after Bank of Japan (BoJ) board member Hajime Takata made hawkish comments, signaling a potential shift in the central bank's monetary policy. Takata emphasized that 2026 would mark a structural regime change driven by global economic growth and AI-linked investments, prompting a broader range of policy options beyond standard 0.25% rate hikes.
Meanwhile, the US Dollar faced headwinds due to a weaker-than-expected US labor market, with ADP reporting only 38,000 new jobs in August, falling short of the 47,000 projected by economists. As the US Dollar lost strength, traders sold off the currency, causing the USD/JPY pair to extend its losses for the second straight day.
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