USD/JPY: Weekly review highlights Dollar strength – MUFG

FXStreetSep 28, 2026 6:20 AM

View all comments（0）



MUFG’s Teppei Ino reviews USD/JPY price action over Japan’s extended holiday week. The pair opened near 157 and traded in a broad 156–159 range as Dollar strength persisted and expectations of a possible earlier Federal Reserve rate hike supported gains. However, caution over potential Japanese intervention and comments from Finance Minister Satsuki Katayama saw USD/JPY retreat below 158.50.

Dollar gains capped by intervention risk

"The USD/JPY opened the week at 156.98."

"The pair briefly fell to a low of 156.59 early in Asian trading on 21 September during Japan's extended holiday, but then edged steadily higher amid broad Dollar strength."

"Broad Dollar strength continued after the holiday on 24 September, supported in part by expectations that the Fed could bring forward its next rate hike, and the USD/JPY rose to a high of 159.03."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

Tesla Stock Forecast: Shares May Face New Drop as Q3 Delivery Estimates Cut, Trump Plans to Relax Fuel Economy Standards

On September 28, Eastern Time, Tesla (TSLA) shares fell 3%, with the company expected to release its third-quarter 2026 delivery figures on October 2. Investment banks JPMorgan and Goldman Sachs both lowered their delivery forecasts, primarily due to weaker-than-expected performance in the U.S. and Chinese markets. Additionally, the Trump administration's plan to relax fuel efficiency standards has introduced policy variables to its automotive business.

Gold Falls Below $4,200 in Single-Day Drop of Over $100: Why Are Gold Prices Plunging?

TradingKey - As of the Asian session on September 28, international gold prices extended their recent weakness, with spot gold (XAUUSD) falling below $4,200 intraday to a low of $4,179.42, marking an intraday decline of over $100. Gold prices had already been under continuous pressure last week and dropped by over 2% at one point during Monday's Asian session, signaling that short-term selling pressure on gold has yet to show significant relief.

TradingKey Wall Street Weekly Report:S&P 500 and Nasdaq Close Higher, AI Chip Stocks Lead, Treasury Yields Near 5.2% High, Oil Falls Below $98

TradingKey - Macroeconomic Landscape: During the week from September 21, 2026 to September 27, 2026, the U.S. macroeconomic environment was driven by hawkish Federal Reserve monetary policy, volatile Treasury yields, and shifting energy dynamics.

The Week Ahead: US August PCE and September Nonfarm Payrolls Take Center Stage, Micron Earnings in Focus

TradingKey - In the coming week (September 28 to October 2, ET), US markets will face the most concentrated macroeconomic data window between late September and early October. Key reports—including the US August PCE Price Index, September Nonfarm Payrolls report, ADP employment, JOLTS job openings, and the ISM Manufacturing Index—will be released in succession, providing fresh evidence for the market to gauge the Federal Reserve's next interest rate path.

Micron Q4 Earnings Preview: Can Revenue Top $50 Billion, and Will MU Stock Keep Rising?

TradingKey - Micron Technology (MU) will release its fourth-quarter fiscal 2026 financial results after the market close on September 30, Eastern Time, and host an earnings conference call at 16:30 on the same day.

Featured Tools