USD/JPY

AI take

The dollar-yen pair is two-sided as the greenback gave back last week's CPI-inspired gains while Japanese authorities' intervention risk still discourages aggressive yen weakness near recent highs. Bank of Japan Governor Kazuo Ueda said on Monday that underlying inflation is quite close to the central bank's goal, with strong global AI demand adding to inflationary pressure from a tight job market. Japan's wholesale prices rose in September, keeping the prospect of further tightening alive even as markets still lean against a back-to-back October increase. Watch Japanese wage data, whether Tokyo repeats its yen-undervaluation message, and the late-October BoJ meeting.

Scheduled take · 2026-10-21T03:10:04Z

• FXStreet -- Japanese yen holds steady as BoJ's Ueda says underlying inflation close to target