Fundamental Market Analysis for September 25, 2026 USDJPY
USDJPY:
USD/JPY remains near elevated levels after several sessions of gains. The pair's main support comes from rising US Treasury yields: the yield on 10-year bonds has approached its highest levels since 2007, and the market has strengthened expectations for a new Fed rate hike. Such dynamics are particularly sensitive for the yen, as the yield differential is once again working in favor of the dollar.
The Bank of Japan raised its interest rate to 1.25% last week, but the decision did not provide sustained strengthening of the yen. Investors focused on the absence of a clear signal regarding further rapid steps and on disagreements within the board.
Trading idea: BUY 158.70, SL 158.35, TP 159.40
