Daiwa Securities strategist Kenta Tadaide said economic fundamentals remain the key driver for USD/JPY. With US inflation data due this week and Fed and Bank of Japan policy meetings next week, an acceleration in US inflation that prompts the Fed toward tighter policy would likely support the dollar, while rising market bets on further BOJ tightening would intensify upside pressure on the yen.

2026-09-08

Daiwa Securities strategist Kenta Tadaide said economic fundamentals remain the key driver for USD/JPY. With US inflation data due this week and Fed and Bank of Japan policy meetings next week, an acceleration in US inflation that prompts the Fed toward tighter policy would likely support the dollar, while rising market bets on further BOJ tightening would intensify upside pressure on the yen.