USD/JPY is in wait-and-see mode this morning, as the CPI data showed no signs of accelerating inflation ahead of the FOMC meeting. The forecast range is ¥152.900–154.300.
This report presents the USD/JPY outlook from 外為どっとコム総合研究所, prepared at 7:30 a.m. on 14 September 2026. USD/JPY fell approximately 0.6% on a closing-price basis the previous day, while excessive concern eased after the US August CPI came in line with market expectations.
The forecast range for USD/JPY this morning is ¥152.900–154.300. The CPI release showed no signs of accelerating inflation, strengthening the wait-and-see stance ahead of the FOMC meeting. Some expect pricing for an FOMC rate hike to have risen to just under 90%, making it a point of focus for the market going forward.
The report also includes a chart of this morning's USD/JPY movements and identifies the Bank of Japan's monetary policy meeting as an event to watch. Additional reports on market developments are expected to be published as investors assess the direction of the USD/JPY exchange rate.