{
  "id": 8205727,
  "title": "Euro extends gains, nearing 181.00 against Japanese Yen despite Ueda's hawkish comments",
  "url": "https://urgent.news/2026/09/18/euro-extends-gains-nearing-181-00-against-japanese-yen-despite-uedas",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-18T07:51:00.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/euro-extends-gains-nearing-18100-despite-bojs-uedas-hawkish-comments-202609180751"
  },
  "original_language": "en",
  "account": "The Euro (EUR) showed further gains against the Japanese Yen (JPY) on Friday, following some initial hesitation. This came after Bank of Japan Governor Ueda made hawkish remarks during a post-meeting press conference. The EUR/JPY pair was trading at 180.85 in the early European session, on track for a 1.5% weekly increase. However, the Bank of Japan's (BoJ) rate hike announcement didn't seem to sway investors. Ueda's comments provided some support to the Yen, stating that Japan's economy is recovering moderately and that it is confident in maintaining its growth pace. He also warned about the potential impact of conflicts in the Middle East and wage increases on price pressures and economic activity. The BoJ chief mentioned that Japan's financial conditions have become more accommodating, and that policy changes have already occurred. These remarks helped bolster the Yen, which had dropped across the board despite the BoJ's decision to raise interest rates to 1.25%, the highest level in 31 years. The BoJ's decision to tighten monetary policy faced opposition from three committee members, casting doubt on the central bank's ability to sustain the pace of rate hikes. Deutsche Bank analysts noted that the BoJ delivered a more dovish hike than expected, with some members arguing for a hold due to uncertain economic conditions. Additionally, August inflation data showed price pressures remaining stable and close to the central bank's target, further supporting the notion for the BoJ to hold off on further tightening. The Bank of Japan's monetary policy decisions earlier this week have weakened the JPY's competitive edge due to hawkishness. This has increased the pressure on the BoJ to provide additional support to the Yen. The Bank of Japan, Japan's central bank, aims to issue banknotes and control currency and monetary policy to ensure price stability, targeting an inflation rate of around 2%. The BoJ initiated an ultra-loose monetary policy in 2013 to stimulate the economy and boost inflation in a low-inflation environment. The policy evolved to include Quantitative and Qualitative Easing (QQE), negative interest rates, and direct control of 10-year government bond yields. In March 2024, the BoJ ended its ultra-loose stance, and the weakening Yen and rising global energy prices led to higher Japanese inflation. The prospect of rising wages in the country is also fueling inflation.",
  "summary": "The Euro (EUR) extends gains against the Japanese Yen (JPY) on Friday, after some hesitation, amid the Bank of Japan (BoJ) Governor Ueda's hawkish rhetoric at the post-meeting press conference.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "Japanese Yen struggles near two-week low vs USD after BoJ Governor Ueda’s comments",
        "url": "https://urgent.news/2026/09/18/japanese-yen-struggles-near-two-week-low-vs-usd-after-boj-governor",
        "published": "2026-09-18T07:08:51.000Z"
      }
    ]
  },
  "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."
}