USD/JPY remains choppy within a four-month “Ascending Wedge” as initial gains faded, leaving the pair near 147.40 by 11 Sep. Markets have shifted focus from Japan’s political change to BoJ policy, with rising PPI hinting at higher core inflation, supporting gradual rate hikes. Meanwhile, the narrowing US-Japan 10-year yield spread reduces dollar appeal, suggesting downside pressure on USD/JPY ahead.
11-09-2025 06:53 GMT
by Kelvin Wong