{
  "id": 6611100,
  "title": "Japanese Yen: Defensive Yen as BoJ turns hawkish – Scotiabank",
  "url": "https://urgent.news/2026/09/10/japanese-yen-defensive-yen-as-boj-turns-hawkish-scotiabank",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-10T16:37:00.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/japanese-yen-defensive-yen-as-boj-turns-hawkish-scotiabank-202609101637"
  },
  "original_language": "en",
  "account": "Scotiabank strategists Shaun Osborne and Eric Theoret note that the Japanese Yen is trading defensively against the US Dollar following a sharp rally in late August. The Bank of Japan (BoJ) is signaling a hawkish stance ahead of a 25 basis point rate hike expected on September 18. In this scenario, the bank sees USD/JPY support around 153 and short-term resistance above 155. The yen has recently slipped slightly against the USD and is demonstrating the first signs of weakness since its 3.7% rally on August 31. With a limited release calendar, the focus has shifted to the BoJ's messaging, which is now consistently hawkish in anticipation of the September 18 meeting. USD/JPY had previously identified 152 as a critical support level, but recent price action suggests that 153 is a more relevant level to watch. Short-term resistance is identified at 155. This report is based on insights from FXStreet's team of journalists, who have reviewed and confirmed the information.",
  "summary": "Scotiabank strategists Shaun Osborne and Eric Theoret highlight that USD/JPY is edging higher as the Japanese Yen trades defensively after its sharp late-August rally. The Bank of Japan’s messaging is described as unequivocally hawkish ahead of a widely anticipated 25 bps hike on September 18.",
  "key_points": [
    "Japanese Yen trading defensively vs USD after rally",
    "BoJ signaling hawkish stance ahead of rate hike",
    "USD/JPY support at 153, resistance above 155"
  ],
  "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."
}