The USDJPY currency pair was still hovering around the upper resistance of the consolidation before the start of today's European session, settling around the highest levels seen on the pair since July 2025, but sentiment reversed after Bloomberg reported that the BoJ was still considering whether January would be an appropriate month for an interest rate hike.
The BOJ is said to be considering raising its “core” inflation forecast for both fiscal year 2024 and 2025. The hawkish turn on the pair means that USDJPY trading could be even more volatile on the day of the NFP data release at 1:30 pm GMT.
The currency pair lost heavily after the BoJ announcement. Source: xStation
In the long term, however, USDJPY remains in a solid uptrend. Source: xStation
Daily Summary: EUR/USD tries to reverse the trend; Wall Street marks its third consecutive week of gains 🚨
⬇️Three Markets to Watch Next Week (August 14, 2026)
Market Wrap: European software stocks keep indices near record highs. Dollar gives up this week's gains (14.08.2026)
Chart of the Day 🚩 Speculations Around Faster Rate Hikes in Japan — Could USDJPY Reverse Its Trend?
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
