{
  "id": 6513972,
  "title": "Japanese Yen retreats from multi-month top vs USD as traders await US inflation data",
  "url": "https://urgent.news/2026/09/10/japanese-yen-retreats-from-multi-month-top-vs-usd-as-traders-await-us",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-10T01:18:00.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/japanese-yen-retreats-from-multi-month-top-vs-usd-as-traders-await-us-inflation-data-202609100118"
  },
  "original_language": "en",
  "account": "The USD/JPY currency pair climbed higher during the Asian trading session on Thursday, hovering just above the 153.00 mark, as traders grew more confident ahead of US inflation data releases. The Japanese Yen (JPY) has struggled to move higher, currently trading close to a seven-month low, due to expectations of aggressive monetary tightening by the Bank of Japan (BoJ). In particular, analysts now expect a 25 basis point (bps) interest rate hike at the BoJ's upcoming September 17-18 policy meeting, with a high probability of a follow-up increase in December. This consensus stems from hawkish remarks from BoJ officials, Hajime Takata and Naoki Tamura, advocating for faster and more flexible rate hikes to combat rising inflation. Furthermore, robust economic growth and strong wage gains have reinforced the central bank's normalization trajectory, bolstering the JPY and capping the USD/JPY exchange rate. Conversely, the US Dollar (USD) showed signs of recovery, having slipped to a nearly three-week low, as market participants remained cautious before the US Producer Price Index (PPI) release later on Thursday. This will be followed by the US Consumer Price Index (CPI) on Friday, which will shed further light on the Federal Reserve's (Fed) upcoming policy stance. Additionally, concerns over higher energy prices and US-Iran tensions continue to support the USD and the USD/JPY pair. Amid geopolitical uncertainties, Iran has reportedly attacked 10 ships near the Strait of Hormuz, following the US' announcement of sinking five Iranian oil tankers in the Gulf of Oman and near Kharg Island. Simultaneously, US President Donald Trump claimed the war on Iran would conclude immediately after the November midterm elections. This mitigates geopolitical risk premiums, potentially curbing aggressive USD bulls and restraining the USD/JPY pair. The USD/JPY pair remains under bearish pressure, trading below the 155.30-155.20 horizontal support level. Should prices dip below 153.00, it may serve as a fresh catalyst for bearish traders, potentially propelling further declines as the currency searches for a more stable footing.",
  "summary": "The USD/JPY pair edges higher during the Asian session on Thursday and trades just above mid-153.00s amid bears turn cautious ahead of US inflation figures.",
  "key_points": [
    "USD/JPY climbs above 153.00 mark, nearing seven-month high",
    "BoJ expected to raise interest rates 25 bps at September meeting",
    "US inflation data releases awaited for USD/JPY pair"
  ],
  "editors_take": "The yen's retreat from its multi-month high signals traders are reassessing their bets on the Bank of Japan's aggressive monetary tightening and its impact on the currency's strength against the US dollar.",
  "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."
}