{
  "id": 9598802,
  "title": "Japanese Yen struggles as Fed rate hike bets drive US yields higher",
  "url": "https://urgent.news/2026/09/24/japanese-yen-struggles-as-fed-rate-hike-bets-drive-us-yields-higher",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-24T18:03:14.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/japanese-yen-struggles-as-fed-rate-hike-bets-drive-us-yields-higher-202609241803"
  },
  "original_language": "en",
  "account": "Japanese Yen experiences a resurgence as traders react to the Federal Reserve's anticipated interest rate hikes. The USD/JPY pair climbs near 158.80, having recovered from earlier losses. The Federal Reserve's decision to raise interest rates by 25 basis points, bringing the federal funds rate to 3.75%-4.00%, has bolstered the US Dollar and lifted yields. The S&P Global Composite PMI and Initial Jobless Claims data suggest a strong US economy, supporting hawkish sentiment. US Treasury yields hit a 2007 high, while the US Dollar Index nears a three-month peak. However, the widening yield gap between the US and Japan limits the Yen's support. The Bank of Japan raised its rate by 25 basis points, but two dissenting votes and cautious guidance have led traders to view the move as slightly dovish. Rising oil prices increase Japan's import costs, posing another challenge for the Yen. Geopolitical developments, such as talks between the US and Iran, could potentially ease inflation concerns and benefit the Yen. Despite these factors, the hawkish Fed outlook remains a significant driver for the USD/JPY pair.",
  "summary": "USD/JPY extends its advance for a fifth consecutive day on Thursday as broad US Dollar (USD) strength and persistent pressure on the Japanese Yen (JPY) keep the pair firmly supported.",
  "key_points": [
    "Japanese Yen strengthens as Fed hikes rates by 25 basis points",
    "US Dollar Index nears three-month peak, supporting Yen",
    "Geopolitical developments and rising oil prices challenge Yen's support"
  ],
  "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."
}