Created
: 2025.08.08
- 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
Japan's Akazawa sees US to repay accumulated taxes later
World FX news
Breaking news
Japan's Akazawa sees US to repay accumulated taxes later
New
2025.08.08 09:48
2025.08.08 09:48
2025.08.08 09:48
Japanese trade envoy Ryosei Akazawa said on Friday that the United States (US) has agreed to correct a presidential order on tariffs and refund any excess duties collected in error. Akazawa added that there was no disagreement between the US and Japan over reciprocal tariffs.
Key quotes
Does not comment on any difference in understanding with us over tariff stacking.
Regrets stacked tariffs despite the trade deal.
To reduce car tariffs once stacking levies are removed.
Sees US to repay accumulated taxes later.
Market reaction
At the time of writing, the USD/JPY pair is trading 0.05% lower on the day to trade at 147.05.
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
: 2025.08.08
Related articles
EUR/USD steadies around 1.1650 amid Fed rate cut expectations, ECB policy pause
39 minutes agoJapanese Yen drifts lower against rebounding USD; downside potential seems limited
2025.08.08 11:38Australian Dollar weakens as RBA rate cut expectations rise
2025.08.08 11:30US Dollar Index holds positive ground above 98.00 on report Waller favored to Chiar Fed
2025.08.08 11:09NZD/USD trades with mild losses to near 0.5950 on modest US Dollar strength
2025.08.08 10:21PBOC sets USD/CNY reference rate at 7.1382 vs. 7.1345 previous
2025.08.08 10:15
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
EUR/USD steadies around 1.1650 amid Fed rate cut expectations, ECB policy pause
EUR/USD remains steady after registering gains in the previous three successive sessions, trading around 1.1660 during the Asian hours on Friday.
New
2025.08.08 12:17Japanese Yen drifts lower against rebounding USD; downside potential seems limited
The Japanese Yen (JPY) attracts some intraday sellers after the Summary of Opinions from the Bank of Japan's (BoJ) July meeting showed that policymakers remain worried about the potential negative impact of higher US tariffs on the domestic economy.
New
2025.08.08 11:38Australian Dollar weakens as RBA rate cut expectations rise
The Australian Dollar (AUD) depreciates against the US Dollar (USD) on Friday, after three days of gains.
New
2025.08.08 11:30US Dollar Index holds positive ground above 98.00 on report Waller favored to Chiar Fed
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, edges higher to around 98.15, snapping the two-day losing streak during the Asian trading hours on Friday.
New
2025.08.08 11:09NZD/USD trades with mild losses to near 0.5950 on modest US Dollar strength
The NZD/USD pair trades with mild losses near 0.5960 during the early Asian trading hours on Friday. However, the potential downside for the pair might be limited amid encouraging Chinese trade data.
New
2025.08.08 10:21PBOC sets USD/CNY reference rate at 7.1382 vs. 7.1345 previous
On Friday, the People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1382 as compared to the previous day's fix of 7.1345 and 7.1742 Reuters estimate.
New
2025.08.08 10:15Japan's Akazawa sees US to repay accumulated taxes later
Japanese trade envoy Ryosei Akazawa said on Friday that the United States (US) has agreed to correct a presidential order on tariffs and refund any excess duties collected in error. Akazawa added that there was no disagreement between the US and Japan over reciprocal tariffs.
New
2025.08.08 09:47BoJ Summary of Opinions: Member says uncertainty surrounding trade policy and impact remains large
The Bank of Japan (BoJ) published the Summary of Opinions from the July monetary policy meeting, with the key findings noted below.
New
2025.08.08 09:18WTI extends the decline to below $63.50 on potential US-Russia meeting
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $63.20 during the early Asian trading hours on Friday. The WTI remains on the defensive amid potential US-Russia talks, raising expectations for a diplomatic end to the war in Ukraine.
New
2025.08.08 09:12GBP/USD: Greenback weakens and BoE rate cut bets decline
GBP/USD extended recent bullish momentum on Thursday, gaining over two-thirds of one percent on the day and climbing above key technical indicators as market rebalance both a weaker US Dollar (USD) and a stronger Pound Sterling (GBP).
New
2025.08.08 08:37Disclaimer:
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
