Weekly outlook
USD/JPY Forecast This Week (Week of Nov 9, 2026)
BiasForge's macro read going into the week
BullishUpdated Monday, November 9, 2026
This read can change during the week as data lands.
Bias may have changed since Monday. Live bias + invalidation levels in BiasForge Pro →
This week's outlook is being updated. The macro drivers below still apply; the new read goes up before the week opens.
Why
- Interest-rate differentials favour the US dollar over the yen.
- Futures positioning (CFTC COT data) leans toward the US dollar.
Events that can move USD/JPY this week
| Date (UTC) | Time (UTC) | Currency | Event |
|---|---|---|---|
| Tue, Nov 10 | 13:30 | USD | US inflation (CPI) |
| Fri, Nov 13 | 13:30 | USD | US producer prices (PPI) |
What drives USD/JPY
USD/JPY is driven above all by the gap between US and Japanese yields: when US yields rise relative to Japan's, the pair tends to climb. Bank of Japan policy shifts, and any sign that Japan's Ministry of Finance may step in on the yen, can move it sharply. The yen is a safe haven, so it usually strengthens when risk sentiment sours. US CPI, NFP and FOMC days are typically the biggest catalysts of the week.
Daily bias with invalidation levels is in BiasForge →
More weekly outlooks
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Direction. Not Signals. Educational macro analysis, not financial advice.