Created
: 2025.07.02
- 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 jumps above 144.00 as US Dollar gains ahead of US ADP Employment data
World FX news
Breaking news
USD/JPY jumps above 144.00 as US Dollar gains ahead of US ADP Employment data
New
2025.07.02 19:01
2025.07.02 19:01
2025.07.02 19:01
- USD/JPY climbs above 144.00 as the US Dollar gains ground on surprisingly upbeat US JOLTS Job Openings data.
- Trump's attack on Fed's independence has diminished the US Dollar's credibility.
- The Japanese Yen underperforms amid pessimism over US-Japan trade deal.
The USD/JPY pair gains sharply to near 144.30 during the European trading session on Wednesday. The asset strengthens as the US Dollar advances ahead of the United States (US) ADP Employment data for June, which will be published at 12:15 GMT.
The US Dollar Index (DXY), which tracks the Greenback's value against six major currencies, jumps to near 96.90. The DXY recovered sharply on Tuesday after sliding to near the February 2022 low around 96.40, following surprisingly upbeat JOLTS Job Openings data.
Investors will closely monitor the US ADP Employment data as few Federal Reserve (Fed) officials have expressed concerns over cooling labor market strength. Economists expect private employers to have added 95K fresh workers in June, significantly higher than 37K recorded in May.
However, the broader outlook of the Greenback remains weak as consistent criticism of Fed Chair Jerome Powell's "wait and see" stance on interest rates by US President Donald Trump has dampened the US Dollar's credibility.
Meanwhile, the Japanese Yen (JPY) underperforms across the board as Trump expresses concerns about closing deal with Japan before the July 9 tariff deadline. "We've dealt with Japan. I'm not sure we're going to make a deal. I doubt it," Trump said while speaking with reporters at Air Force One on Tuesday.
Japanese Yen PRICE Today
The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies today. Japanese Yen was the weakest against the US Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.27% | 0.41% | 0.49% | 0.04% | 0.21% | 0.32% | 0.19% | |
| EUR | -0.27% | 0.09% | 0.19% | -0.27% | -0.04% | 0.16% | -0.07% | |
| GBP | -0.41% | -0.09% | 0.12% | -0.38% | -0.18% | 0.04% | -0.20% | |
| JPY | -0.49% | -0.19% | -0.12% | -0.45% | -0.29% | -0.12% | -0.30% | |
| CAD | -0.04% | 0.27% | 0.38% | 0.45% | 0.19% | 0.40% | 0.17% | |
| AUD | -0.21% | 0.04% | 0.18% | 0.29% | -0.19% | 0.26% | -0.01% | |
| NZD | -0.32% | -0.16% | -0.04% | 0.12% | -0.40% | -0.26% | -0.23% | |
| CHF | -0.19% | 0.07% | 0.20% | 0.30% | -0.17% | 0.01% | 0.23% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Japanese Yen from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent JPY (base)/USD (quote).
On the domestic front, the comments from Bank of Japan's (BoJ) new board member Kazuyuki Masu stating that the central bank should not rush for interest rate hikes have also weighed on the Japanese Yen. Masu warns of persistent economic risks until a deal with Washington is struck.
US Dollar FAQs
The US Dollar (USD) is the official currency of the United States of America, and the 'de facto' currency of a significant number of other countries where it is found in circulation alongside local notes. It is the most heavily traded currency in the world, accounting for over 88% of all global foreign exchange turnover, or an average of $6.6 trillion in transactions per day, according to data from 2022. Following the second world war, the USD took over from the British Pound as the world's reserve currency. For most of its history, the US Dollar was backed by Gold, until the Bretton Woods Agreement in 1971 when the Gold Standard went away.
The most important single factor impacting on the value of the US Dollar is monetary policy, which is shaped by the Federal Reserve (Fed). The Fed has two mandates: to achieve price stability (control inflation) and foster full employment. Its primary tool to achieve these two goals is by adjusting interest rates. When prices are rising too quickly and inflation is above the Fed's 2% target, the Fed will raise rates, which helps the USD value. When inflation falls below 2% or the Unemployment Rate is too high, the Fed may lower interest rates, which weighs on the Greenback.
In extreme situations, the Federal Reserve can also print more Dollars and enact quantitative easing (QE). QE is the process by which the Fed substantially increases the flow of credit in a stuck financial system. It is a non-standard policy measure used when credit has dried up because banks will not lend to each other (out of the fear of counterparty default). It is a last resort when simply lowering interest rates is unlikely to achieve the necessary result. It was the Fed's weapon of choice to combat the credit crunch that occurred during the Great Financial Crisis in 2008. It involves the Fed printing more Dollars and using them to buy US government bonds predominantly from financial institutions. QE usually leads to a weaker US Dollar.
Quantitative tightening (QT) is the reverse process whereby the Federal Reserve stops buying bonds from financial institutions and does not reinvest the principal from the bonds it holds maturing in new purchases. It is usually positive for the US Dollar.
Last updated
: 2025.07.02
Related articles
EUR/USD holds near highs despite tariff jitters, eyes on EU data next week
2025.07.05 05:59AUD/USD retreats as risk-off mood builds ahead of Trump's tariff deadline
2025.07.05 05:14USD/JPY Price Forecast: Eyes breakout as triangle narrows, but lacks momentum
2025.07.05 04:10NZD/USD risks further downside as Kiwi tests critical support at 0.6050
2025.07.05 04:04GBP/JPY retreats as safe-haven demand rises ahead of Trump's tariff deadline
2025.07.05 02:16BoE's Taylor: Disinflationary forces are building
2025.07.05 01:00
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
Silver Price Forecast: XAG/USD advance stalls near $37.00 as holiday lull masks bullish setup
Silver price traded sideways on Friday, remaining virtually unchanged at $36.84, due to thin trading volumes as US markets were closed for a holiday.
New
2025.07.05 06:32EUR/USD holds near highs despite tariff jitters, eyes on EU data next week
EUR/USD posted minimal gains of 0.18% on Friday amid thin liquidity conditions, as markets in the United States are closed due to the Independence Day holiday. The shared currency is poised to close the week with gains of 0.53% despite the release of solid US economic data this week.
New
2025.07.05 05:59AUD/USD retreats as risk-off mood builds ahead of Trump's tariff deadline
The Australian Dollar (AUD) weakened against the US Dollar (USD) on Friday amid a low-volume trading session and a risk-off tone ahead of US President Donald Trump's July 9 tariff deadline.
New
2025.07.05 05:14USD/JPY Price Forecast: Eyes breakout as triangle narrows, but lacks momentum
The US Dollar (USD) is trading slightly lower against the Japanese Yen (JPY) on Friday, with the USD/JPY hovering around 144.50 in subdued holiday-thinned conditions as US markets remain closed for Independence Day.
New
2025.07.05 04:10NZD/USD risks further downside as Kiwi tests critical support at 0.6050
The New Zealand Dollar (NZD) is weakening against the US Dollar (USD) on Friday as market participants weigh near-term resistance against a weakening bullish structure.
New
2025.07.05 04:04Gold price shines as USD slips, trade war fuels safe-haven demand
Gold price resumes its uptrend on Friday, poised to print gains of over 1.50% for the week as the US Dollar is on the back foot amid thin liquidity conditions following the closure of US markets in celebration of Independence Day. A slight escalation of the trade war boosted bullion prices.
New
2025.07.05 02:41GBP/JPY retreats as safe-haven demand rises ahead of Trump's tariff deadline
The Japanese Yen (JPY) is strengthening against the British Pound (GBP) on Friday as markets turn cautious ahead of the weekend.
New
2025.07.05 02:16WTI Crude Oil consolidates near key support, OPEC+ decision looms
West Texas Intermediate (WTI) Crude Oil prices remain subdued on Friday, extending losses from the previous day and hovering near the mid-$65s amid thin holiday trading, lingering demand concerns, and a lack of fresh catalysts.
New
2025.07.05 01:12BoE's Taylor: Disinflationary forces are building
Bank of England (BoE) rate-setter Alan Taylor noted late on Friday that downside pressures are continuing to build up underneath the UK's economy, signaling that early rate cuts may be needed ahead of a questionable forecasting period.
New
2025.07.05 01:00EUR/USD firms as tariffs and Trump's tax bill dominate headlines
The Euro (EUR) is holding modest gains against the US Dollar (USD) in thin trading conditions on Friday. With US markets closed in observance of Independence Day, liquidity is limited.
New
2025.07.05 00:35Disclaimer:
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
