Japanese Yen strengthens due to BoJ rate hike bets, weaker US Dollar

USD/JPY depreciates after three days of gains, trading around 155.80 during the European session on Thursday. The pair loses ground as the Japanese Yen (JPY) advances on market expectations of a 25-basis-point interest rate hike by the Bank of Japan (BoJ) on Friday.

Gold impact rationale

A weaker U.S. dollar typically supports dollar-denominated gold.

• Source: FXStreet news
• 2026-09-17
• dollar

Topics: gold news, gold price impact, dollar