{
  "id": 1503799,
  "title": "Japanese Yen struggles despite rising bond yields and BoJ hike bets",
  "url": "https://urgent.news/2026/08/17/japanese-yen-struggles-despite-rising-bond-yields-and-boj-hike-bets",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-17T15:26:25.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/japanese-yen-struggles-despite-rising-bond-yields-and-boj-hike-bets-202608171526"
  },
  "original_language": "en",
  "account": "The Japanese Yen (JPY) finds itself struggling amid a backdrop of rising bond yields and expectations of Bank of Japan (BoJ) hikes. Despite the recent joint intervention by Japan and the United States, the Yen has been unable to gain significant ground, trading around 159.25 following a low of 158.85. The Japanese government bond yields have reached multi-decade highs, driven by a weaker Yen and surging energy prices, which are putting pressure on the inflation outlook. The Yen's depreciation raises import costs, particularly for energy, further straining the economy as it relies heavily on imported energy. The BoJ is widely expected to raise interest rates as early as September, with the 10-year Japanese government bond yield touching 2.93% on Monday, its highest level since 1996. While higher yields would typically support the Yen, concerns over Japan's fiscal outlook persist due to the nation's substantial debt burden. Meanwhile, weaker-than-expected Japanese GDP data adds yet another challenge for the central bank. The preliminary GDP expanded 0.3% quarter-over-quarter in the second quarter, below expectations of 0.5% and annualized growth slowed to 1.1%, missing forecasts of 2.0%. As the US Dollar weakens, traders anticipate the Federal Reserve (Fed) to keep interest rates unchanged in September, contrasting earlier expectations of a rate hike. The risk of further currency intervention dampens enthusiasm for pushing the Yen higher, keeping it capped below the 160 psychological mark.",
  "summary": "USD/JPY rebounds on Monday after coming under selling pressure earlier in the day, as the Japanese Yen (JPY) struggles to gain traction despite a weaker US Dollar (USD). At the time of writing, the pair trades around 159.25 after recovering from an intraday low of 158.85.",
  "key_points": [
    "Japanese Yen struggles despite rising bond yields and BoJ hike expectations",
    "Yen trades around 159.25, lowest since multi-decade highs",
    "BoJ expected to raise rates as early as September"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}