Japanese Yen (USD/JPY) news & analysis
USD/JPY is the exchange rate between the US dollar and the Japanese yen, a major pair sensitive to interest-rate differentials.
The reading
The news
No clear impulse
Priced in
Partly priced in
What follows
Nothing worth acting on
Reading as of . Research context, not investment advice. It never tells you what to trade.
How a reading is madeWhy is USD/JPY up or down today?
The Japanese yen rose after Bank of Japan minutes showed members agreed it was suitable to keep increasing the policy interest rate, with demand also lifted by a US tech rout. It later trimmed gains and retreated from a weekly high as the US dollar steadied and recovered from post-election weakness. Attention is now on upcoming remarks from Ueda and the US NFP report.
Updated
Latest news
Friday, November 6
Thursday, November 5
- The Yen rises on BoJ minutes, with Ueda and US NFP on the Friday docketFXStreet
- Japanese Yen outperforms as US tech rout and hawkish BoJ minutes lift demandFXStreet
- Japanese Yen gives back gains as US Dollar recovers from election shockFXStreet
- Japanese Yen remains on the front foot vs weak USD after hawkish BoJ MinutesFXStreet
- BoJ Minutes: Members agree it was suitable for bank to keep increasing policy interest rateFXStreet
Upcoming economic events
| Event | Forecast | Currency |
|---|---|---|
| Friday, November 6 | ||
| FOMC Member Logan Speaks | USD | |
| Leading Indicators | JPY | |
| FOMC Member Williams Speaks | USD | |
| Average Hourly Earnings m/m | 0.3% | USD |
| Unemployment Rate | 4.2% | USD |
| Non-Farm Employment Change | 65K | USD |
| FOMC Member Musalem Speaks | USD | |
| Prelim UoM Consumer Sentiment | 48.1 | USD |
Day by day
106 days on record since July 22, 2026. Each column is one day: the bar is its headlines, the mark is the reading at its close.
Recent days
- Thu, Nov 5Neutral13 headlines. The yen has drawn support from hawkish Bank of Japan minutes showing members agreed it was suitable to keep increasing the policy rate, alongside a broadly weaker US dollar.
- Wed, Nov 4Weak bearish15 headlines. The yen has been moving against a recovering U.S. dollar, with intervention risks helping to limit losses after a recovery from a three-week low.
- Tue, Nov 3Neutral11 headlines. The yen has lost ground and consolidated against a recovering dollar, with reports pointing to elevated oil prices, wide rate differentials and a less hawkish Bank of Japan.
- Mon, Nov 2Neutral15 headlines. The yen has weakened amid a less hawkish Bank of Japan, with focus on fresh intervention warnings and still-negative Japanese real rates cited as a factor for USD/JPY.
- Sun, Nov 1Neutral16 headlines. The Federal Reserve held interest rates steady, while some officials indicated more hikes could come soon.
Frequently asked questions
- What is USD/JPY?
- USD/JPY is the exchange rate between the US dollar and the Japanese yen, showing how many yen one US dollar buys.
- What moves USD/JPY?
- The pair is especially sensitive to the interest-rate differential between the US Federal Reserve and the Bank of Japan, US Treasury yields, and risk sentiment.
- Why does USD/JPY track interest rates so closely?
- Because Japanese interest rates have stayed very low for years, USD/JPY tends to move with the gap between US and Japanese government-bond yields; historically a wider gap has coincided with a stronger dollar against the yen.
Not investment advice. For informational purposes only.