Bearish
USD/JPY drops to 7-month low near 153.80 amid rising BoJ rate-hike expectations
The USD/JPY currency pair has declined to a seven-month low near 153.80, driven by increasing expectations of a Bank of Japan (BoJ) rate hike in September 2026. This shift in market sentiment has bolstered the Japanese yen, leading to a significant depreciation of the US dollar against the yen.
Key points
- Market anticipates a BoJ rate hike in September 2026, strengthening the yen.
- USD/JPY falls to 153.80, a seven-month low, as yen gains momentum.
- No significant market-moving news in the past 24 hours.
Sources
AI-generated from public news sources. Not financial advice.
