USD/JPY bias held bullish on October 10, 2026
The Japanese yen has been struggling amid a wide US-Japan yield gap, NISA-driven outflows noted by MUFG, and fiscal concerns, leaving it underperforming into the weekend. A softer US dollar has limited the intraday slide in USD/JPY. Intervention risks are back in focus as Bessent and Katayama head to Bangkok, while Fed's Musalem said high bond yields are still not tight enough to replace further hikes.
Updated
The reading that day
BullishAt the close of the UTC day.
BearishNeutralBullish
It held all day.
The day on the wire
00:0006:0012:0018:0024:00
The band shows the reading through the day; a mark shows where it changed. Each tick is a headline first seen that day.
The reading through the day
- 00:00Bullish
Headlines (14)
Carried over from earlier days
- Japanese Yen strengthens amid BoJ hike bets, intervention risks; bullish USD cap gainsFXStreet
- Japanese Yen weakens against US Dollar amid hawkish FOMC minutesFXStreet
- investingLive European session wrap: Yields continue to soar as oil surges and stocks tumbleInvestingLive
- The Yen Is Capitalising on the Euro’s WeaknessActionForex
- Federal Reserve: More hikes ahead after October pause - UOBFXStreet
- Fed's Musalem says more monetary policy firming will be requiredInvestingLive
- Japanese Yen struggles for firm direction as softer USD limits intraday slideFXStreet
- Fed’s Musalem Says High Bond Yields Still Not Tight Enough to Replace Further HikesActionForex
- British Pound extends intraday gains above 209.50 as fiscal woes weigh on YenFXStreet
- Japanese Yen: NISA-driven outflows weigh on currency – MUFGFXStreet
- USD/JPY intervention risks back in focus as Bessent, Katayama head to BangkokInvestingLive
- Japanese Yen underperforms against its peers into the weekendFXStreet
- British Pound gains ground as Japanese Yen underperformsFXStreet
- Japanese Yen struggles as wide US-Japan yield gap weighsFXStreet
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Sunday, October 11 | ||
| Bank Holiday | JPY | |
| Fed Monetary Policy Report | USD | |
| Monday, October 12 | ||
| FOMC Member Hammack Speaks | USD | |
| PPI y/y | 7.6% | JPY |
| Bank Lending y/y | 5.5% | JPY |
| M2 Money Stock y/y | JPY | |
| Bank Holiday | USD | |
| Tuesday, October 13 | ||
| Tertiary Industry Activity m/m | JPY | |