USD/JPY breaks above 159.00 as US CPI fuels Fed hike bets: Nov 11, 2026
The yen fell to a ten-week low with USD/JPY moving above 159.00 as stronger-than-expected US CPI and comments from Fed officials lifted expectations for further rate hikes. Japanese government bond yields also jumped sharply, with the 10-year up 10.5 bps to 2.795%. The move near 159.00 has brought focus on potential intervention risk.
Updated
The reading that day
NeutralAt 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
- 00:00Neutral
Headlines (16)
First seen on November 11
- Japanese Yen struggles as Fed rate hike odds lift USD/JPYFXStreet
- USD/JPY Eyes 159 Breakout as Fed Repricing Meets Japan’s Intervention Threat Near 160ActionForex
- Yen Slumps to Over One-Month Low on Fed Hike BetsThe Wall Street Journal
- Japanese Govt Bond Yields Jump Sharply on US Treasury Selloff, 10-Year Up 10.5 bps to 2.795%gelonghui.com
- USD/JPY Price Forecast: Eyes seven-week consolidation breakoutFXStreet
- USD/JPY knocks on the door of 159.00 again, dollar bulls risk poking the intervention bearInvestingLive
- The Japanese Yen is doing something it hasn't done in ten weeksFXStreet
- Japanese Yen tumbles to ten-week low as USD/JPY breaks above 159.00FXStreet
Carried over from earlier days
- Japanese Yen advances as hawkish BoJ Minutes signal potential December rate hikeFXStreet
- Yen Struggles to Regain Its Safe-Haven Status. Forecast as of 09.11.2026LiteFinance
- Japanese Yen firms as US Dollar pares post-NFP gainsFXStreet
- Japanese Yen falls as US CPI beats forecasts and Fed officials back further rate hikesFXStreet
- US Oct CPI up 0.4% m/m vs 0.3% expected, 10-year Treasury yield rises to 5.012%flash.jin10.com
- 10-Year Treasury Yield Spikes as Inflation Spreads across Economy, Driven by Ugly Core Services CPIwolfstreet.com
- Fed rate-hike bets surge as Logan, Bowman, Schmid turn hawkish; 2-year yield jumps 19 bpsflash.jin10.com
- Yen nears 159.00 with Treasuries back above 5%FXStreet
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Wednesday, November 11 | ||
| Prelim Machine Tool Orders y/y | JPY | |
| Bank Holiday | USD | |
| PPI y/y | 6.5% | JPY |
| Thursday, November 12 | ||
| Unemployment Claims | 194K | USD |
| FOMC Member Hammack Speaks | USD | |
| Mortgage Delinquencies | USD | |
| FOMC Member Barr Speaks | USD | |
| Existing Home Sales | 3.89M | USD |