{"id":118357,"date":"2024-09-28T13:05:57","date_gmt":"2024-09-28T12:05:57","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=118357"},"modified":"2024-09-30T13:16:19","modified_gmt":"2024-09-30T12:16:19","slug":"109275-usd-jpy-yen-soars-on-ishiba-win-usd-falls-post-inflation-data","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/109275-usd-jpy-yen-soars-on-ishiba-win-usd-falls-post-inflation-data\/","title":{"rendered":"USD\/JPY: Yen soars on Ishiba win, USD falls post inflation data"},"content":{"rendered":"<ul>\n<li><strong>Japanese Yen (JPY) surges on PM news<\/strong><\/li>\n<li><strong>Interest rate hawk Shigeru Ishiba is the next PM<\/strong><\/li>\n<li><strong>US Dollar (USD) falls versus its major peers<\/strong><\/li>\n<li><strong>US inflation was cooler than expected<\/strong><\/li>\n<\/ul>\n<p>The US Dollar Japanese Yen <a href=\"https:\/\/currencylive.com\/exchange-rate\/1000-usd-to-jpy-exchange-rate-today\/\">(USD\/JPY<\/a>) exchange rate tumbled on Friday after a flat finish in the previous session. The pair rose 0.03% in the previous session, settling on Thursday at 143.91. At close on Friday, USD\/JPY traded -1.80% at 142.19 and traded in a range of 142.07 to 146.50.<\/p>\n<p>Based on the results of the Japanese Prime Minister leadership contest, the Japanese yen surged on Friday. Shigeru Ishiba, seen as an interest rate hawk, won the election to become Japan&#8217;s next Prime Minister. Markets have been expecting Sanae Takaichi, a vocal opponent of further rate hikes, to win.<\/p>\n<p>The US Dollar fell across the board on Friday. The US Dollar Index, which measures the greenback against a basket of major currencies, closed at 100.43 at the time of writing, down 0.1%. The USD Index fell across the week, marking its fourth straight weekly decline.<\/p>\n<p>The US dollar fell on Friday after data pointed to US inflation cooling further in September. The core PCE index, which is the Federal Reserve&#8217;s preferred gauge for inflation, rose 0.1% Month on month in September, down from 0.2% in August and below expectations of 0.2%.<\/p>\n<p>On a three-month basis, core PCE rose 2.1%, in line with the central bank&#8217;s target.<\/p>\n<p>The data also showed that spending rose just 0.1% after adjusting for inflation, and nominal personal income rose 0.2%. These were below forecast, and .2 price pressures continued to ease.<\/p>\n<p>Treasury yields and the US dollar fell following the data amid expectations that the Fed will continue to cut interest rates over the coming months.<\/p>\n<p>The Federal Reserve opted for a 50 basis point rate cut in August when it kicked off its rate-cutting cycle; however, investors are split over whether the Fed will make another outsized move in November or whether they will opt for a 25 basis point cut.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Japanese Yen (JPY) surges on PM news Interest rate hawk Shigeru Ishiba is the next PM US Dollar (USD) falls versus its major peers US inflation was cooler than expected The US Dollar Japanese Yen (USD\/JPY) exchange rate tumbled on Friday after a flat finish in the previous session. The pair rose 0.03% in the [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":5262,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2675,1381],"tags":[2673,1398,3168],"class_list":["post-118357","post","type-post","status-publish","format-standard","has-post-thumbnail","category-jpy","category-usd","tag-jpy","tag-usd","tag-usd-jpy"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>USD\/JPY: Yen soars on Ishiba win, USD falls post inflation data - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/109275-usd-jpy-yen-soars-on-ishiba-win-usd-falls-post-inflation-data\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ileana Ionescu\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109275-usd-jpy-yen-soars-on-ishiba-win-usd-falls-post-inflation-data\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109275-usd-jpy-yen-soars-on-ishiba-win-usd-falls-post-inflation-data\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"USD\\\/JPY: Yen soars on Ishiba win, USD falls post inflation data\",\"datePublished\":\"2024-09-28T12:05:57+00:00\",\"dateModified\":\"2024-09-30T12:16:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109275-usd-jpy-yen-soars-on-ishiba-win-usd-falls-post-inflation-data\\\/\"},\"wordCount\":336,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109275-usd-jpy-yen-soars-on-ishiba-win-usd-falls-post-inflation-data\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100847-gbp-usd-growth-forecast-trimmed.jpg\",\"keywords\":[\"JPY\",\"usd\",\"usd\\\/jpy\"],\"articleSection\":[\"JPY\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109275-usd-jpy-yen-soars-on-ishiba-win-usd-falls-post-inflation-data\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109275-usd-jpy-yen-soars-on-ishiba-win-usd-falls-post-inflation-data\\\/\",\"name\":\"USD\\\/JPY: Yen soars on Ishiba win, USD falls post inflation data - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109275-usd-jpy-yen-soars-on-ishiba-win-usd-falls-post-inflation-data\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109275-usd-jpy-yen-soars-on-ishiba-win-usd-falls-post-inflation-data\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100847-gbp-usd-growth-forecast-trimmed.jpg\",\"datePublished\":\"2024-09-28T12:05:57+00:00\",\"dateModified\":\"2024-09-30T12:16:19+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109275-usd-jpy-yen-soars-on-ishiba-win-usd-falls-post-inflation-data\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/109275-usd-jpy-yen-soars-on-ishiba-win-usd-falls-post-inflation-data\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109275-usd-jpy-yen-soars-on-ishiba-win-usd-falls-post-inflation-data\\\/#primaryimage\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100847-gbp-usd-growth-forecast-trimmed.jpg\",\"contentUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100847-gbp-usd-growth-forecast-trimmed.jpg\",\"width\":1200,\"height\":675,\"caption\":\"different-wooden-numbers\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109275-usd-jpy-yen-soars-on-ishiba-win-usd-falls-post-inflation-data\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"USD\\\/JPY: Yen soars on Ishiba win, USD falls post inflation data\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\",\"name\":\"Currency Live\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/currencylive.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\",\"name\":\"Ileana Ionescu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g\",\"caption\":\"Ileana Ionescu\"},\"description\":\"With a background in business journalism, Ileana works as a Junior Market Analyst for Currency Live and creates content that brings transparency to our audience. Originally from Bucharest, Ileana most commonly transfers EUR to RON and speaks Romanian, English, Italian, Spanish and German.\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/author\\\/ileana-ionescu\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"USD\/JPY: Yen soars on Ishiba win, USD falls post inflation data - Currency Live","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/currencylive.com\/news\/109275-usd-jpy-yen-soars-on-ishiba-win-usd-falls-post-inflation-data\/","twitter_misc":{"Written by":"Ileana Ionescu","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/109275-usd-jpy-yen-soars-on-ishiba-win-usd-falls-post-inflation-data\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/109275-usd-jpy-yen-soars-on-ishiba-win-usd-falls-post-inflation-data\/"},"author":{"name":"Ileana Ionescu","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/3d5cb0a6a22d357fc0b9ad562f35e75b"},"headline":"USD\/JPY: Yen soars on Ishiba win, USD falls post inflation data","datePublished":"2024-09-28T12:05:57+00:00","dateModified":"2024-09-30T12:16:19+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/109275-usd-jpy-yen-soars-on-ishiba-win-usd-falls-post-inflation-data\/"},"wordCount":336,"image":{"@id":"https:\/\/currencylive.com\/news\/109275-usd-jpy-yen-soars-on-ishiba-win-usd-falls-post-inflation-data\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100847-gbp-usd-growth-forecast-trimmed.jpg","keywords":["JPY","usd","usd\/jpy"],"articleSection":["JPY","USD"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/currencylive.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/currencylive.com\/news\/109275-usd-jpy-yen-soars-on-ishiba-win-usd-falls-post-inflation-data\/","url":"https:\/\/currencylive.com\/news\/109275-usd-jpy-yen-soars-on-ishiba-win-usd-falls-post-inflation-data\/","name":"USD\/JPY: Yen soars on Ishiba win, USD falls post inflation data - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/109275-usd-jpy-yen-soars-on-ishiba-win-usd-falls-post-inflation-data\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/109275-usd-jpy-yen-soars-on-ishiba-win-usd-falls-post-inflation-data\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100847-gbp-usd-growth-forecast-trimmed.jpg","datePublished":"2024-09-28T12:05:57+00:00","dateModified":"2024-09-30T12:16:19+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/3d5cb0a6a22d357fc0b9ad562f35e75b"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/109275-usd-jpy-yen-soars-on-ishiba-win-usd-falls-post-inflation-data\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/109275-usd-jpy-yen-soars-on-ishiba-win-usd-falls-post-inflation-data\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/109275-usd-jpy-yen-soars-on-ishiba-win-usd-falls-post-inflation-data\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100847-gbp-usd-growth-forecast-trimmed.jpg","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100847-gbp-usd-growth-forecast-trimmed.jpg","width":1200,"height":675,"caption":"different-wooden-numbers"},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/109275-usd-jpy-yen-soars-on-ishiba-win-usd-falls-post-inflation-data\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"USD\/JPY: Yen soars on Ishiba win, USD falls post inflation data"}]},{"@type":"WebSite","@id":"https:\/\/currencylive.com\/news\/#website","url":"https:\/\/currencylive.com\/news\/","name":"Currency Live","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/currencylive.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/3d5cb0a6a22d357fc0b9ad562f35e75b","name":"Ileana Ionescu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g","caption":"Ileana Ionescu"},"description":"With a background in business journalism, Ileana works as a Junior Market Analyst for Currency Live and creates content that brings transparency to our audience. Originally from Bucharest, Ileana most commonly transfers EUR to RON and speaks Romanian, English, Italian, Spanish and German.","url":"https:\/\/currencylive.com\/news\/author\/ileana-ionescu\/"}]}},"jetpack_featured_media_url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100847-gbp-usd-growth-forecast-trimmed.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/118357","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/users\/163946598"}],"replies":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/comments?post=118357"}],"version-history":[{"count":1,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/118357\/revisions"}],"predecessor-version":[{"id":118358,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/118357\/revisions\/118358"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media\/5262"}],"wp:attachment":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media?parent=118357"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/categories?post=118357"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/tags?post=118357"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}