USD/JPY bias turned neutral on October 11, 2026
Federal Reserve headlines point to debate around the 2% inflation target, with one report noting a possible rate freeze and Fed's Musalem saying more rate hikes are needed. Separately, analysis notes that yen weakness since 2025 has been limited to offshore trading hours. For USDJPY, this puts attention on U.S. rate expectations alongside the timing pattern of yen moves.
Updated
The reading that day
NeutralAt the close of the UTC day.
BearishNeutralBullish
It changed once during the 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
- 08:49Neutral
Headlines (12)
First seen on October 11
- Yen weakness since 2025 has been limited to offshore hours: analysisInvesting.com
- Fed’s Musalem says more rate hikes needed to reach 2% targetHellenic Shipping News
Carried over from earlier days
- Fed’s Musalem Says High Bond Yields Still Not Tight Enough to Replace Further HikesActionForex
- Citi sees limited upside for EUR/JPY amid intervention expectationsInvesting.com
- 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: Choppy trade inside defined range – UOBFXStreet
- Japanese Yen struggles as wide US-Japan yield gap weighsFXStreet
- Inflation target of 2% may not stop the next Fed rate freezeCryptoSlate
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 | |