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USD/JPY news for August 13, 2026

The yen has given back a significant portion of the gains made after Japan's suspected intervention, with USD/JPY climbing to a two-week high as the dollar stays firm. Long US yields continue to support the dollar and carry trades, while traders now turn to the upcoming US CPI report for the next catalyst. BoJ rate-hike expectations are a counterweight, but have not been enough to offset current dollar strength.

How the day unfolded

  1. The Japanese Yen weakened to a two-week low against the US Dollar as the greenback stayed firm ahead of the US CPI release. Yen buying by Tokyo was partially reversed, while the rate gap and fiscal concerns continued to weigh on the currency. Markets are now focused on the upcoming US inflation data.

  2. The Japanese Yen has weakened to a two-week low as a stronger US Dollar, supported by firmness ahead of the US CPI release, outweighs any lingering effects of Tokyo's earlier intervention. The Yen also remains under pressure from interest rate differentials and fiscal concerns, while giving back half of the gains attributed to official buying.

  3. The Japanese Yen has given back gains from recent intervention, sliding to a two-week low as the U.S. dollar stays firm ahead of the upcoming U.S. CPI report. Long U.S. yields are keeping the dollar and carry trades supported, while a widening rate gap and fiscal concerns continue to undermine the Yen. Market attention is now on U.S. inflation data for near-term direction.

  4. The yen retreated from intervention-related gains, sliding to a two-week low as the dollar held firm ahead of the upcoming US CPI release. Longer US yields continue to underpin the dollar and carry trades, while expectations for Bank of Japan rate hikes lend some support to the yen, keeping USDJPY in focus.

  5. The yen has slipped to a two-week low, giving back gains from recent intervention, as the US dollar stays firm ahead of the upcoming US CPI release. Long US yields continue to support the dollar and carry trades, although market expectations of Bank of Japan rate hikes are seen as a counterbalance for the yen.

  6. The Japanese yen has surrendered much of the gains it made after Tokyo's intervention, sliding to a two-week low as the U.S. dollar stays firm ahead of the key U.S. CPI release. Long U.S. yields continue to support the dollar and carry trades, while expectations for a Bank of Japan rate hike provide some underlying support for the yen. Traders are now focused on the upcoming U.S. inflation data for the next directional cue.

  7. The Japanese yen has given back gains from suspected intervention, sliding to a two-week low as the U.S. dollar remains firm ahead of the latest U.S. CPI release. Long U.S. yields are supporting dollar carry trades, while some analysts note that Bank of Japan hike expectations could limit yen weakness. The focus now is on the upcoming CPI data and its implications for Fed policy.

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As of 23:49 UTC

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Not investment advice. For informational purposes only.