USD/JPY near 158 as yield gap meets intervention risk: Oct 18, 2026
USD/JPY is near 158 as the influence of yield differences is being weighed against Japan's intervention risk. Bank of Japan Governor Ueda said the bank will continue to raise rates as underlying inflation approaches 2%, with board member Koeda also reinforcing the tightening case, keeping attention on yields and policy outlook.
Updated
This day is still open. Its readings are published once it closes. The live reading is on the USD/JPY page.
Headlines (11)
Carried over from earlier days
- US Treasury Official says Japan no longer faces deflation, Yen and monetary policy must adjustFXStreet
- USD/JPY Price Forecast: 157.50 pivotal support holds after Warsh's remarksFXStreet
- EUR/JPY Price Forecast: Holds steady below 177.50, bearish technicals reinforce downside biasFXStreet
- Japanese Yen: BoJ's Koeda reinforces tightening case – MUFGFXStreet
- In Bangkok, central bankers push back on market rate-tightening betsFinancial Times
- Bank of Japan Must Ensure Underlying Inflation Doesn’t Go Above 2%, Ueda SaysThe Wall Street Journal
- BOJ’s Ueda: We will continue to raise rates as underlying inflation approaches 2%InvestingLive
- Rate Hike Odds Tumble After Warsh Does Not Address October FOMC MeetingZeroHedge
- Forex Is Driven by YieldsActionForex
- USD/JPY Near 158 as Yield Gap Support Collides With Japan’s Intervention RiskInvesting.com
- What’s the likelihood of Yen carry trade reversing?Investing.com
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Monday, October 19 | ||
| Tertiary Industry Activity m/m | -0.3% | JPY |
| Revised Industrial Production m/m | JPY | |
| NAHB Housing Market Index | 31 | USD |
| Tuesday, October 20 | ||
| ADP Weekly Employment Change | USD | |
| Housing Starts | 1.30M | USD |
| Building Permits | 1.39M | USD |
| Pending Home Sales m/m | -0.4% | USD |
| API Weekly Statistical Bulletin | USD | |