Created
: 2025.10.06
- 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
Forex Today: Japanese Yen slides, Gold climbs above $3,900
World FX news
Breaking news
Forex Today: Japanese Yen slides, Gold climbs above $3,900
New
2025.10.06 16:40
2025.10.06 16:40
2025.10.06 16:40
Here is what you need to know on Monday, October 6:
The Japanese Yen (JPY) starts the week under strong selling pressure and Gold trades at a new record high above $3,900. The European economic calendar will feature Sentix Investor Confidence data for September and Retail Sales figures for August. Later in the day, comments from policymakers of major central banks will be watched closely by investors.
Japanese Yen Price Last 7 Days
The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies last 7 days. Japanese Yen was the weakest against the Australian Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.04% | -0.44% | 0.41% | 0.06% | -0.99% | -0.83% | -0.07% | |
| EUR | 0.04% | -0.40% | 0.28% | 0.09% | -0.94% | -0.80% | -0.04% | |
| GBP | 0.44% | 0.40% | 0.81% | 0.50% | -0.60% | -0.39% | 0.37% | |
| JPY | -0.41% | -0.28% | -0.81% | -0.31% | -1.36% | -1.35% | -0.43% | |
| CAD | -0.06% | -0.09% | -0.50% | 0.31% | -1.01% | -0.89% | -0.13% | |
| AUD | 0.99% | 0.94% | 0.60% | 1.36% | 1.01% | 0.15% | 0.94% | |
| NZD | 0.83% | 0.80% | 0.39% | 1.35% | 0.89% | -0.15% | 0.91% | |
| CHF | 0.07% | 0.04% | -0.37% | 0.43% | 0.13% | -0.94% | -0.91% |
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).
USD/JPY opened with a big bullish gap as markets reacted to Sanae Takaichi's, who is known to be a fiscal dove that could oppose further monetary tightening by the Bank of Japan (BoJ), win in the leadership race of Japan's ruling Liberal Democratic Party (LDP). Takaichi would become the first female Prime Minister of Japan and is expected to oppose any further monetary tightening by the Bank of Japan (BoJ). Reuters reported that Takuji Aida, one of Takaichi's closest advisers on economic policy, said that Takaichi could likely tolerate another 25 basis-points interest rate hike by January next year if the economy is in firm shape. At the time of press, USD/JPY was trading at its highest level since early August above 150.00, rising more than 1.5% on the day. Reflecting the broad-based JPY weakness, EUR/JPY was last seen rising 1.3% at 175.45, while GBP/JPY was up 1.45% at 201.67.
In the meantime, the US government remains shut and there are no developments that suggests that the Senate is in a hurry to break the deadlock. Over the weekend, White House National Economic Council Director, Kevin Hassett, said that if President Donald Trump decided that negotiations are "absolutely going nowhere," they will start laying people off. Nevertheless, the US Dollar (USD) Index rebounds on Monday and clings to gains above 98.00 in the European session.
Gold gathers bullish momentum at the beginning of the week and trades at a new record-high above $3,900, as it continues to attract buyers amid the uncertainty surrounding the US economic outlook. Israel and Hamas are expected to begin direct talks in Egypt on Monday to find a middle ground to implement Trump's proposed peace plan.
EUR/USD edges lower in the European morning on Monday and trades near 1.1700. European Central Bank (ECB) President Christine Lagarde will deliver a statement before the Committee on Economic and Monetary Affairs of the European Parliament later in the day.
After ending the previous week in positive territory, GBP/USD struggles to hold its ground and retreats to the 1.3450 area on Monday. Bank of England (BoE) Governor Andrew Bailey will speak at Scotland's Global Investment Summit 2025 in Edinburgh, Scotland.
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
: 2025.10.06
Related articles
USD/JPY posts modest gains above 150.00 on political stability concerns in Japan
52 minutes agoNZD/USD Price Forecast: Bulls eye a break above 200-day SMA
2025.10.07 07:34EUR/USD falls on French political shock and shutdown lift Dollar
2025.10.07 07:02Fed Schmid: The Fed must maintain inflation credibility
2025.10.07 07:02Australian Dollar rises as Greenback softens on shutdown, dovish Fed outlook
2025.10.07 03:40FX Today: Fedspeak expected to grab all the attention
2025.10.07 02:45
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/JPY posts modest gains above 150.00 on political stability concerns in Japan
The USD/JPY pair edges higher to near 150.35, the highest since August 1, during the early Asian session on Tuesday. The Japanese Yen (JPY) weakens against the US Dollar (USD) on political stability concerns after Japan's ruling Liberal Democratic Party (LDP) elected a new leader.
New
2025.10.07 08:00NZD/USD Price Forecast: Bulls eye a break above 200-day SMA
The New Zealand Dollar advances on Monday and trades near its daily close at around 0.5840 as Tuesday's Asian session begins. Yesterday, the pair gained 0.20% but key resistance lies overhead with the 200-day Simple Moving Average (SMA) at 0.5848.
New
2025.10.07 07:34EUR/USD falls on French political shock and shutdown lift Dollar
EUR/USD retreats during the North American session sponsored by political turmoil in France and US Dollar strength, amid the sixth day of government shutdown in the US. The pair trades at 1.1714, down 0.24%.
New
2025.10.07 07:02Fed Schmid: The Fed must maintain inflation credibility
The President of the Kansas City Federal Reserve Bank Jeffrey Schmid crossed the newswires on October 6. He delivered hawkish remarks, saying that the Fed must maintain its inflation credibility and stressed that inflation is too high. He added that monetary policy is appropriately calibrated.
New
2025.10.07 07:02Gold blasts past $3,950 as shutdown, uncertainty fuels haven rush
Gold price rallies to a new record high past the $3,900 figure on Monday, hitting $3,970 as the US government continues its shutdown, while investors are pricing in another rate cut by the Federal Reserve (Fed) at the upcoming October 29 meeting. XAU/USD trades at $3,952, up 1.73%, at the time of w
New
2025.10.07 03:49Australian Dollar rises as Greenback softens on shutdown, dovish Fed outlook
The Australian Dollar (AUD) trades on the front foot against the US Dollar (USD) on Monday, extending its recovery as the Greenback's early strength fades. The pair rebounds toward the upper end of its recent consolidation band after swinging sharply in both directions earlier in the day.
New
2025.10.07 03:40Dow Jones Industrial Average wobbles near record highs
The Dow Jones Industrial Average (DJIA) struggled to keep its footing on Monday, kicking off the new trading week opening at record highs above 46,800. The Dow slipped early on Monday after investors briefly showed frayed nerves, but general market sentiment continues to drift into the high side.
New
2025.10.07 03:05FX Today: Fedspeak expected to grab all the attention
The US Dollar (USD) rose to multi-day highs on Monday, propped up almost exclusively by the strong depreciation of the Japanese Yen.
New
2025.10.07 02:45ECB's Lagarde declares disinflation process over, floats Euro as global currency candidate
European Central Bank (ECB) President Christine Lagarde confidently declared the ECB has achieved its disinflation targets while testifying before the European Parliament's Economic and Monetary Affairs Committee.
New
2025.10.07 02:36Canadian Dollar steadies as Oil recovery offsets US Dollar's limited gains
The USD/CAD exchange rate remains stable on Monday, hovering around 1.3950 at the time of writing. The cross edged lower earlier on Monday as the commodity-linked Canadian Dollar (CAD) gained support from the rebound in Oil prices, before stabilizing.
New
2025.10.07 02:20Disclaimer:
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
