{"id":49194,"date":"2025-09-25T18:08:21","date_gmt":"2025-09-25T11:08:21","guid":{"rendered":"https:\/\/hbbgroup.net\/usd-jpy-hits-three-week-high-as-greenback-rebounds-boj-minutes-in-focus-2\/"},"modified":"2025-09-25T18:08:21","modified_gmt":"2025-09-25T11:08:21","slug":"usd-jpy-hits-three-week-high-as-greenback-rebounds-boj-minutes-in-focus-2","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/vi\/usd-jpy-hits-three-week-high-as-greenback-rebounds-boj-minutes-in-focus-2\/","title":{"rendered":"USD\/JPY hits three-week high as Greenback rebounds, BoJ minutes in focus"},"content":{"rendered":"<div id=\"fxs_article_body\">\n<ul>\n<li value=\"1\"><strong>The Yen slides to a three-week low against the US Dollar, with USD\/JPY buoyed by broad Greenback strength.<\/strong><\/li>\n<li value=\"2\"><strong>Japan\u2019s Manufacturing PMI slipped deeper into contraction, while services activity held firm.<\/strong><\/li>\n<li value=\"3\"><strong>Investors will look for further guidance from the BoJ minutes due on Thursday for clues on policy divisions.<\/strong><\/li>\n<\/ul>\n<p>The Japanese Yen (JPY) weakens sharply against the US Dollar (USD) on Wednesday, with USD\/JPY advancing to its highest level since September 3. At the time of writing, the pair is trading near 148.78, up almost 0.80% on the day, as renewed Greenback strength pushed the pair higher despite the absence of major US economic data releases.<\/p>\n<p>The Greenback\u2019s recovery gathered traction after Tuesday\u2019s cautious remarks from Federal Reserve (Fed) officials, particularly Chair <a href=\"https:\/\/www.fxstreet.com\/macroeconomics\/central-banks\/fed\" data-fxs-autoanchor>Jerome Powell<\/a>. He cautioned that \u201ctwo-sided risks\u201d surrounding inflation and the labor market \u201cmean that there is no risk-free path\u201d for monetary policy. Powell avoided committing to a clear timeline for additional rate cuts, reinforcing the Fed\u2019s cautious stance ahead of upcoming meetings.<\/p>\n<p>The Yen\u2019s decline was further pressured by domestic data. The Jibun Bank flash Manufacturing Purchasing Managers Index (PMI) fell deeper into contraction territory in September, slipping to 48.4 from 49.7 in August and missing forecasts of 50.2. Meanwhile, the Services PMI held firm at 53, only a touch lower than 53.1 in August.<\/p>\n<p>The focus now shifts to the Bank of Japan (BoJ) meeting minutes due on Thursday, which will offer a deeper look into last week\u2019s monetary policy decision. The BoJ kept its benchmark rate unchanged at 0.50%. The vote was 7-2, with two board members dissenting and favoring a 25-basis-point (bps) hike.<\/p>\n<p>Policymakers reiterated that the overnight call rate will continue to be guided around 0.50% and stressed that future adjustments will depend on the inflation and wage outlook. Governor Kazuo Ueda noted that \u201cunderlying inflation is still somewhat below 2%, but approaching that level,\u201d adding that risks from US tariffs and the persistence of food price pressures need careful monitoring.<\/p>\n<p>Looking ahead, market attention will turn to Thursday\u2019s US economic releases, including Weekly Initial Jobless Claims, the second estimate of Q2 <a href=\"https:\/\/www.fxstreet.com\/economic-calendar\" data-fxs-autoanchor>Gross Domestic Product<\/a> (GDP), and Durable Goods Orders, before Friday\u2019s core Personal Consumption Expenditures (PCE) Price Index. In Japan, Friday\u2019s Tokyo Consumer Price Index (CPI) will also be closely watched for fresh signals on inflation and its implications for the BoJ\u2019s policy path.<\/p>\n<div id=\"content-module-event-88d7a915-6aad-4d86-a2e0-41120d53057f-780\" data-type=\"event\" data-module=\"event\" data-config-topic=\"88d7a915-6aad-4d86-a2e0-41120d53057f\" data-config-event-id=\"bc811898-14cb-432c-ab0b-31798e95cc74\" data-config-mode=\"Upcoming\" data-version=\"v1\" data-content-module-translate=\"0\">\n<h2>Economic Indicator<\/h2>\n<div>\n<div>\n<h3>BoJ Monetary Policy Meeting Minutes<\/h3>\n<p>The <a href=\"http:\/\/www.boj.or.jp\/en\/index.htm\" target=\"_blank\">Bank of Japan<\/a> publishes a study of economic movements in Japan after the actual meeting. These meetings are held to review economic developments inside and outside of Japan and indicate a sign of new fiscal policy. Any changes in this report tend to affect the JPY volatility. Generally speaking, if the BoJ minutes show a hawkish outlook, that is seen as positive (or bullish) for the JPY, while a dovish outlook is seen as negative (or bearish). <\/p>\n<p>             <a href=\"http:\/\/www.fxstreet.com\/economic-calendar\/event\/bc811898-14cb-432c-ab0b-31798e95cc74\" target=\"_blank\" rel=\"noopener\" title=\"read more\">                                  <span>Read more.<\/span>             <\/a>         <\/div>\n<div>\n<p>                 <strong>Next release:<\/strong>                 <span>Wed Sep 24, 2025 23:50 <\/span>             <\/p>\n<p>                 <strong>Frequency:<\/strong>                 <span>Irregular<\/span>             <\/p>\n<p>                 <strong>Consensus:<\/strong>                 <span>&#8211;<\/span>             <\/p>\n<p>                 <strong>Previous:<\/strong>                 <span>&#8211;<\/span>             <\/p>\n<p>                 <strong>Source:<\/strong>                 <a>                     <span>Bank of Japan<\/span>                     <svg width=\"13\" height=\"13\" viewbox=\"0 0 13 13\" fill=\"none\">                         <path d=\"M12.1484 0.5C12.3359 0.5 12.5 0.664062 12.5 0.851562L12.4766 4.67188C12.4766 4.85938 12.3359 5 12.1484 5H11.375V5.02344C11.1875 5.02344 11.0234 4.85938 11.0234 4.67188L11.0938 2.9375L11.0469 2.89062L4.50781 9.42969C4.46094 9.47656 4.39062 9.52344 4.32031 9.52344C4.22656 9.52344 4.15625 9.47656 4.10938 9.42969L3.57031 8.89062C3.52344 8.84375 3.47656 8.77344 3.47656 8.67969C3.47656 8.60938 3.52344 8.53906 3.57031 8.49219L10.1094 1.95312L10.0625 1.90625L8.32812 1.97656C8.14062 1.97656 8 1.8125 8 1.625V0.851562C8 0.664062 8.14062 0.523438 8.32812 0.523438L12.1484 0.5ZM10.625 7.25C10.8125 7.25 11 7.4375 11 7.625V11.375C11 12.0078 10.4844 12.5 9.875 12.5H1.625C0.992188 12.5 0.5 12.0078 0.5 11.375V3.125C0.5 2.51562 0.992188 2 1.625 2H5.375C5.5625 2 5.75 2.1875 5.75 2.375V2.75C5.75 2.96094 5.5625 3.125 5.375 3.125H1.76562C1.67188 3.125 1.625 3.19531 1.625 3.26562V11.2344C1.625 11.3281 1.67188 11.375 1.76562 11.375H9.73438C9.80469 11.375 9.875 11.3281 9.875 11.2344V7.625C9.875 7.4375 10.0391 7.25 10.25 7.25H10.625Z\" fill=\"#E4871B\" \/>                     <\/svg>                 <\/a>             <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div>\n<p>Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page. <\/p>\n<p>If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.<\/p>\n<p>FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.<\/p>\n<p>The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice. <\/p>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"<p>The Yen slides to a three-week low against the US Dollar, with USD\/JPY buoyed by broad Greenback strength. Japan\u2019s Manufacturing [&hellip;]<\/p>","protected":false},"author":5,"featured_media":49195,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[222],"tags":[],"class_list":["post-49194","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ngoai-hoi"],"acf":[],"_links":{"self":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts\/49194","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/comments?post=49194"}],"version-history":[{"count":0,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts\/49194\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/media\/49195"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/media?parent=49194"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/categories?post=49194"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/tags?post=49194"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}