The Japanese yen has posted strong gains on Thursday. In the North American session, USD/JPY is trading at 144.14, down 0.55% on the day. Earlier, USD/JPY fell as low as 143.75, its lowest level since June 13.
Tokyo Core CPI expected to drop to 3.3%
Tokyo Core CPI, a leading indicator of nationwide inflation trends, will be released early Thursday. Tokyo Core CPI hit 3.6% in May, its highest level in over two years. The market estimate for June stands at 3.3%.
/*
Requesting advertisement by calling an endpoint assures that
the advertisement is never cached together with the page.
T73Nz – is a forced measure to prevent JS function from
being overwritten.
*/
function load_advertisement_T73Nz(){
let adSlot = document.getElementById(‘ad-slot-container-T73Nz’);
fetch(‘/load-advertisement/26/?is_sidebar=False’)
.then(response => response.text())
.then(html => {
adSlot.outerHTML = html;
})
.catch(error => {
console.error(‘Error fetching the template:’, error);
});
}
load_advertisement_T73Nz();
The Bank of Japan has signaled that more rate hikes are on the way, provided that inflation continues to move towards the BoJ’s level of a sustainable 2%. However, trade talks between the US and Japan have hit a snag, with Japan saying it can’t accept US tariffs of 25% on automobiles. The clock is ticking, as US reciprocal tariffs will take effect on July 9 without a deal.
Will BoJ hike rates in July?
The markets are eyeing a possible rate hike in July, which would be the first rate hike since January. The BoJ meets next on July 31, and if the two sides can reach a trade deal before then, it could cement a rate hike at that meeting. Even if the BoJ maintains rates at the upcoming meeting, investors will be keen to see the new inflation and growth forecasts.
The BOJ’s summary of opinions from the June meeting, released Wednesday, didn’t provide much insight into the BoJ’s rate path. Board members were divided over whether to raise rates in a period of economic uncertainty over the impact of US tariffs on Japan’s economy.
USD/JPY Technical
- There is support at 144.59 and 143.93
- 145.27 and 145.93 are the next resistance lines
const imageElement = document.getElementById(‘pinch-to-zoom-img-7587’);
if (imageElement) {
panzoom(imageElement, {
maxZoom: 4.0,
minZoom: 0.5,
contain: ‘outside’,
});
}
}, 100);
}
}
}”
x-init=”$watch(‘imgModal’, value => initPanzoom())”
class=”flex “>
USDJPY 1-Day Chart, June 26, 2025
/*
Requesting advertisement by calling an endpoint assures that
the advertisement is never cached together with the page.
ZsnDj – is a forced measure to prevent JS function from
being overwritten.
*/
function load_advertisement_ZsnDj(){
let adSlot = document.getElementById(‘ad-slot-container-ZsnDj’);
fetch(‘/load-advertisement/30/?is_sidebar=False’)
.then(response => response.text())
.then(html => {
adSlot.outerHTML = html;
})
.catch(error => {
console.error(‘Error fetching the template:’, error);
});
}
load_advertisement_ZsnDj();
Opinions are the authors’; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only.
If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use.
Visit https://www.marketpulse.com/ to find out more about the beat of the global markets.
© {CURRENT_YEAR} OANDA Business Information & Services Inc.
