Story perspectives
Yen Pressured as Japan's Spending Falls Short, USD Strong
11/7/2025
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Story summary
- The Japanese Yen is under pressure against the US Dollar due to uncertainty over Bank of Japan policy.
- Sanae Takaichi, Japan's new prime minister, advocates fiscal stimulus, complicating rate hikes.
- Japan's household spending rose 1.8% in September, below expectations.
- The Bank of Japan's September meeting minutes show a cautious stance on rate hikes.
- The USD remains strong as markets temper expectations for Fed rate cuts amid a US government shutdown.
