Created
: 2025.01.08
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
USD/JPY touches new multi-month high above 158.50
Breaking news
USD/JPY touches new multi-month high above 158.50
New
2025.01.08 21:27
2025.01.08 21:27
2025.01.08 21:27
- USD/JPY climbed to its highest level since July above 158.50 on Wednesday.
- The US Dollar benefits from the souring risk mood after Trump tariff news.
- ADP Employment Change data and FOMC Minutes coming up next.
USD/JPY continued to stretch higher and touched its strongest level since July above 158.50 on Wednesday. At the time of press, the pair was trading at 158.48, rising 0.27% on a daily basis.
Rising US Treasury bond yields support USD
US President-elect Donald Trump is considering declaring a national economic emergency to allow for a new tariff program, CNN reported on Wednesday, citing four sources familiar with the matter. With the immediate reaction, the benchmark 10-year US Treasury bond yield rose above 4.7%, boosting the US Dollar (USD).
In the early American session, the Automatic Data Processing (ADP) will release the private sector employment data for December, which is forecast to show an increase of 140,000 after November's print of 146,000.
Later in the day, the Federal Reserve will publish the minutes of the December policy meeting. Investors will scrutinize the details surrounding the discussions on the policy outlook for 2025 after the revised Summary of Economic Projections showed a majority of policymakers were forecasting two 25 basis points rate cuts this year.
Japanese Yen FAQs
The Japanese Yen (JPY) is one of the world's most traded currencies. Its value is broadly determined by the performance of the Japanese economy, but more specifically by the Bank of Japan's policy, the differential between Japanese and US bond yields, or risk sentiment among traders, among other factors.
One of the Bank of Japan's mandates is currency control, so its moves are key for the Yen. The BoJ has directly intervened in currency markets sometimes, generally to lower the value of the Yen, although it refrains from doing it often due to political concerns of its main trading partners. The BoJ ultra-loose monetary policy between 2013 and 2024 caused the Yen to depreciate against its main currency peers due to an increasing policy divergence between the Bank of Japan and other main central banks. More recently, the gradually unwinding of this ultra-loose policy has given some support to the Yen.
Over the last decade, the BoJ's stance of sticking to ultra-loose monetary policy has led to a widening policy divergence with other central banks, particularly with the US Federal Reserve. This supported a widening of the differential between the 10-year US and Japanese bonds, which favored the US Dollar against the Japanese Yen. The BoJ decision in 2024 to gradually abandon the ultra-loose policy, coupled with interest-rate cuts in other major central banks, is narrowing this differential.
The Japanese Yen is often seen as a safe-haven investment. This means that in times of market stress, investors are more likely to put their money in the Japanese currency due to its supposed reliability and stability. Turbulent times are likely to strengthen the Yen's value against other currencies seen as more risky to invest in.
Last updated
: 2025.01.08
Related articles
USD/CAD stays above 1.4350 due to lower Oil prices, hawkish policy shift by Fed
38 minutes agoEUR/USD loses momentum to near 1.0300 ahead of Eurozone Retail Sales release
46 minutes agoBoJ maintains assessment for seven of Japan's nine regions
51 minutes agoEUR/JPY drops to multi-day low, closer to mid-162.00s amid notable JPY strength
2025.01.09 14:01India Gold price today: Gold falls, according to FXStreet data
2025.01.09 13:35GBP/USD Price Forecast: Trades near 1.2350 after rebounding from nine-month lows
2025.01.09 12:39
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
USD/CAD stays above 1.4350 due to lower Oil prices, hawkish policy shift by Fed
USD/CAD edges lower after registering gains in the previous two sessions, trading around 1.4370 during the Asian hours on Thursday.
New
2025.01.09 14:34EUR/USD loses momentum to near 1.0300 ahead of Eurozone Retail Sales release
The EUR/USD pair trades in negative territory for the third consecutive day around 1.0310 during the early European session on Thursday.
New
2025.01.09 14:26BoJ maintains assessment for seven of Japan's nine regions
In its quarterly regional economic report published on Thursday, the Bank of Japan (BoJ) maintains the assessment for seven of Japan's nine regions.
New
2025.01.09 14:21EUR/JPY drops to multi-day low, closer to mid-162.00s amid notable JPY strength
The EUR/JPY cross comes under some renewed selling pressure following the previous day's two-way directionless price moves and drops to a three-day low, around the 162.60 area during the Asian session on Thursday.
New
2025.01.09 14:01India Gold price today: Gold falls, according to FXStreet data
Gold prices fell in India on Thursday, according to data compiled by FXStreet.
New
2025.01.09 13:35Gold price moves away from four-week peak; bears seem non-committed
Gold price (XAU/USD) drifts lower during the Asian session on Thursday and moves away from a four-week top, around the $2,670 area touched the previous day.
New
2025.01.09 13:30Silver Price Forecast: XAG/USD holds position above $30.00 due to safe-haven demand
Silver price (XAG/USD) continues its upward momentum, rising for the sixth consecutive day to trade near $30.10 per troy ounce, close to three-week highs during Thursday's Asian session.
New
2025.01.09 13:26GBP/USD Price Forecast: Trades near 1.2350 after rebounding from nine-month lows
The GBP/USD pair remains under pressure for the third consecutive session, hovering near 1.2360 during Thursday's Asian trading hours.
New
2025.01.09 12:39USD/INR extends upside amid rising US Dollar demand
The Indian Rupee (INR) declines to near a fresh record low on Thursday.
New
2025.01.09 12:23NZD/USD remains tepid near 0.5600 after the release of Chinese CPI report
NZD/USD continues to lose ground for the third successive session, trading around 0.5600 during the Asian hours on Thursday.
New
2025.01.09 11:49Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
