Market Fundamental Analysis by RoboForex

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USDJPY hits new lows: the yen returns to last year’s levels

The yen continues to strengthen, with the USDJPY pair falling to a seven-month low. The USDJPY rate currently stands at 153.47. 

USDJPY forecast: key takeaways

• Japan’s GDP data did not affect the USDJPY rate
• The likelihood of a Federal Reserve rate hike in September has risen to around 62%
• The market is awaiting the release of US inflation data on Friday

Fundamental analysis

Fundamental analysis for 9 September 2026 shows that Japan’s GDP data strengthens the fundamental case for further yen appreciation and puts pressure on the USDJPY pair. According to the released data, Japan’s economy grew by 0.4% quarter-on-quarter in Q2, compared to a forecast of 0.3%, although the pace of growth slowed slightly from the previous 0.5%.

This factor is negative for the USDJPY rate. Rising rates in Japan are gradually narrowing the significant yield gap between US and Japanese assets, which in previous years was one of the main drivers of the yen’s weakness.

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Edited 42 minutes ago by RBFX Support