Created
: 2025.10.15
- 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 slumps to near 151.00 as US Dollar underperforms on Fed dovish bets
World FX news
Breaking news
USD/JPY slumps to near 151.00 as US Dollar underperforms on Fed dovish bets
New
2025.10.15 18:24
2025.10.15 18:24
2025.10.15 18:24
- USD/JPY falls sharply to near 151.00 due to underperformance from the US Dollar across the board.
- Fed officials, including Chair Powell, warn of increasing labor market risks.
- Political parties in Japan deny scheduling voting for the next Prime Minister on October 21.
The USD/JPY pair is down 0.45% to near 151.00 during the European trading session on Wednesday. The pair faces selling pressure as the US Dollar (USD) underperforms its peers, with traders remaining confident of two more interest rate cuts by the Federal Reserve (Fed) this year.
US Dollar Price Today
The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the weakest against the Australian Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.20% | -0.19% | -0.26% | -0.01% | -0.48% | 0.02% | -0.15% | |
| EUR | 0.20% | 0.06% | -0.07% | 0.16% | -0.25% | 0.16% | 0.06% | |
| GBP | 0.19% | -0.06% | -0.14% | 0.14% | -0.31% | 0.10% | 0.04% | |
| JPY | 0.26% | 0.07% | 0.14% | 0.23% | -0.21% | 0.13% | 0.21% | |
| CAD | 0.01% | -0.16% | -0.14% | -0.23% | -0.47% | -0.04% | -0.10% | |
| AUD | 0.48% | 0.25% | 0.31% | 0.21% | 0.47% | 0.41% | 0.35% | |
| NZD | -0.02% | -0.16% | -0.10% | -0.13% | 0.04% | -0.41% | -0.05% | |
| CHF | 0.15% | -0.06% | -0.04% | -0.21% | 0.10% | -0.35% | 0.05% |
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 US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).
At the time of writing, the US Dollar Index (DXY), which tracks the Greenback's value against six major currencies, trades 0.35 lower to near 98.70.
In September, the Fed delivered its first interest rate cut of the year, reducing borrowing rates by 25 basis points (bps) to 4.00%-4.25%, citing labor market risks. Meanwhile, traders are confident that the Fed will lower interest rates further by 50 bps in the remaining year, according to the CME FedWatch tool.
Federal Open Market Committee (FOMC) members, including Chair Jerome Powell, have warned that labor market conditions continue to remain sluggish, which favors the need for further monetary policy easing.
On Tuesday, Fed's Powell stated that "downside risks to the US job market have risen", but didn't comment on further monetary expansion. However, Fed Governor Michelle Bowman and Boston President Susan Collins explicitly supported more interest rate cuts.
Meanwhile, the Japanese Yen (JPY) trades higher against its peers, with investors remaining uncertain over the outlook of Japan's political structure. The vote for the selection of a new Japanese Prime Minister is unlikely to be scheduled on October 21 as leaders disagreed amid ongoing discussions among parties, Kyodo reported.
An abrupt breakup of Japan's Liberal Democratic Party (LDP) last week left its leader Sanae Takaichi to rely on support from other opposition parties.
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
: 2025.10.15
Related articles
USD/JPY retreats as Greenback weakens on trade tensions, Fed easing bets and US fiscal gridlock
6 minutes agoBanxico Deputy Governor urges caution on rate cuts amid sticky inflation
12 minutes agoGBP/USD climbs as Bessent softens US stance, Powell's dovish tilt
29 minutes agoAUD/USD rises as RBA flags inflation risks, Fed dovishness weighs on USD
2025.10.16 00:11Euro holds ground as trade tensions and Fed easing outlook weigh on the Greenback
2025.10.15 23:42Fed's Miran: The economy is more vulnerable to shocks because policy is restrictive
2025.10.15 23:20
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 retreats as Greenback weakens on trade tensions, Fed easing bets and US fiscal gridlock
The Japanese Yen (JPY) trades on the front foot against the US Dollar (USD) on Wednesday, with USD/JPY extending losses for a second straight day as the Greenback weakens under pressure from escalating US-China trade tensions and a dovish Federal Reserve (Fed) outlook.
New
2025.10.16 01:05Banxico Deputy Governor urges caution on rate cuts amid sticky inflation
Banco de Mexico (Banxico) Deputy Governor Jonathan Heath crossed the newswires in a podcast by Grupo Financiero Banorte on Wednesday.
New
2025.10.16 00:59GBP/USD climbs as Bessent softens US stance, Powell's dovish tilt
The Pound Sterling recovers some ground, advances 0.60% on Wednesday during the North American session as Sino-US tensions eased on comments of US Treasury Secretary Scott Bessent. The GBP/USD trades at 1.3396 after bouncing off daily lows of 1.3309.
New
2025.10.16 00:43AUD/USD rises as RBA flags inflation risks, Fed dovishness weighs on USD
AUD/USD advances by 0.40% to trade around 0.6510 on Wednesday at the time of writing. The Australian Dollar (AUD) gains ground after Sarah Hunter, Assistant Governor of the Reserve Bank of Australia (RBA), warned on Wednesday that inflation risks in the economy remain tilted to the upside.
New
2025.10.16 00:11Euro holds ground as trade tensions and Fed easing outlook weigh on the Greenback
The Euro (EUR) is holding firm against the US Dollar (USD) on Wednesday, with EUR/USD attempting to extend its recovery for a second consecutive session as the Greenback comes under modest pressure amid escalating US-China trade war and firm expectations of further interest rate cuts by the Federal
New
2025.10.15 23:42Fed's Miran: The economy is more vulnerable to shocks because policy is restrictive
Federal Reserve Governor Stephen Miran spoke at a televised interview on CNBC on Wednesday. He said that there is now more downside risk than there was a week ago, and that with the shift in the balance of risk, it is more urgent to move towards a more neutral policy.
New
2025.10.15 23:20Silver Price Forecast: XAG/USD bulls defend uptrend as RSI cools, eyes breakout above $53.77
Silver (XAG/USD) extends its record-breaking advance on Wednesday, trading near $52.60 and up over 2.50% on the day after erasing the previous day's losses.
New
2025.10.15 22:16US Treasury's Bessent: We don't want to decouple from China
United States (US) Treasury Secretary Scott Bessent said on Wednesday that China was planning to erect new trade barriers and added that they don't want to escalate, per Reuters.
New
2025.10.15 21:57Fed Watch: Frontloaded easing increases inflation risks - ABN AMRO
Yesterday, Federal Reserve Chair Powell spoke at the National Association for Business Economics annual meeting. He stated that the economic outlook appeared unchanged since the FOMC last met in September.
New
2025.10.15 21:55JPY extending Friday's bullish reversal - Scotiabank
The Japanese Yen (JPY) is up 0.3% against the US Dollar (USD) and a relative performer among the G10, extending Friday's bullish outside reversal with an impressive recovery from its 8 month lows, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
New
2025.10.15 21:46Disclaimer:
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
