{
  "id": 18227395,
  "title": "Japanese Yen remains on the front foot vs weak USD after hawkish BoJ Minutes",
  "url": "https://urgent.news/2026/11/05/japanese-yen-remains-on-the-front-foot-vs-weak-usd-after-hawkish-boj",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-05T01:55:45.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/japanese-yen-remains-on-the-front-foot-vs-weak-usd-after-hawkish-boj-minutes-202611050155"
  },
  "original_language": "en",
  "account": "The USD/JPY currency pair is struggling to build on its recent gains, as traders await a decisive move below 158.00 to position for further losses. Minutes from the Bank of Japan's September meeting indicate policymakers' consensus to continue raising interest rates and adjust monetary easing, which has bolstered the Japanese Yen. The US Dollar's decline has been fueled by Democrats' control of Congress, concerns over fiscal gridlock, and the prospect of an end to the Iran war, leading to a drop in crude oil prices and lower US bond yields. Despite hawkish Federal Reserve expectations, which might support the US Dollar, the upcoming US Nonfarm Payrolls report on Friday will likely drive USD demand. While the USD/JPY pair remains bearish in the short term, a daily close above the 200-day Simple Moving Average at 158.65 could indicate a shift in momentum and open the door to a recovery. For now, any recovery in the USD/JPY pair is likely to face selling pressure as Japanese authorities may step in to support the domestic currency.",
  "summary": "The USD/JPY pair struggles to capitalize on the previous day's goodish rebound from the 157.40 area, or the weekly low, attracting some sellers for the second straight day on Thursday.",
  "key_points": [
    "Japanese Yen strengthened after Bank of Japan's hawkish September meeting minutes",
    "USD/JPY pair struggles to surpass 158.00 level for further losses",
    "USD decline driven by Democrats' Congress control and Iran war prospects"
  ],
  "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."
}