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USD/JPY news for August 29, 2026

USDJPY has jumped above its 100-day moving average as a hawkish Fed Chair Warsh and higher U.S. bond yields boost the dollar, with rate expectations shifting accordingly. However, Japan's record $98.7 billion intervention to prop up the yen over the past month underscores official efforts to counter sustained yen weakness. The pair's move reflects the tug-of-war between U.S. monetary policy signals and Japanese intervention.

How the day unfolded

  1. USDJPY broke above its 100-day moving average, though the yen also edged higher as dollar bulls hesitated. The dollar's support comes from sticky core PCE inflation and steady GDP, which have kept Fed tightening hopes alive, reinforced by Fed Chair Powell's warning that inflation progress is insufficient and rate hikes may be needed. These interest-rate expectations are a key driver for USDJPY.

  2. USDJPY jumped above its 100-day moving average as the dollar strengthened broadly. Fed officials, including the chair, signaled that inflation progress is insufficient and hinted at possible rate hikes, a view supported by sticky core PCE and steady GDP data. Meanwhile, higher U.S. bond yields, partly driven by a Warsh speech, are adding support to the dollar against the yen.

  3. USDJPY has climbed above its 100-day moving average as the US dollar edges higher on Fed rate-hike hints and rising bond yields. However, Japan spent a record $98.7 billion last month to prop up the yen, signaling potential official resistance to further weakness.

  4. USDJPY has jumped above its 100-day moving average, with the dollar edging higher as the Fed chair warns that inflation progress is insufficient and rate hikes may follow. Meanwhile, higher bond yields are a focus, and Japan spent a record $98.7 billion over the past month to prop up the yen.

  5. USDJPY has climbed above its 100-day moving average, supported by a hawkish tone from Federal Reserve Chair Warsh, who indicated that inflation progress is insufficient and rate hikes remain a possibility. This has lifted US yields and the dollar broadly. Meanwhile, Japan's record $98.7 billion intervention to support the yen underscores ongoing official efforts to curb excessive weakness, adding a countervailing dynamic to the pair.

  6. The dollar strengthened against the yen, pushing USD/JPY above its 100-day moving average, after Federal Reserve Chair Warsh signaled that inflation progress is insufficient and hinted at potential rate hikes. This shift in rate expectations lifted U.S. bond yields and the dollar, even as Japan reported record intervention spending to support the yen. The pair's movement reflects the widening policy divergence between the Fed's hawkish stance and Japan's continued currency defense.

  7. The dollar climbed against the yen, lifting USDJPY above its 100-day moving average, after Fed Chair Warsh signaled that inflation progress is insufficient and hinted at possible rate hikes, which boosted U.S. bond yields. Separately, Japan reported spending a record $98.7 billion over the past month to prop up the yen, a factor that could influence the pair's trajectory.

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As of 21:05 UTC

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Not investment advice. For informational purposes only.