
The yen remains weak despite the BOJ's policy shift
The Bank of Japan is adopting a more hawkish tone, but the USD/JPY remains stuck above 161. MUFG analyzes this worrying discrepancy for Tokyo.
19 articles on USD/JPY

The Bank of Japan is adopting a more hawkish tone, but the USD/JPY remains stuck above 161. MUFG analyzes this worrying discrepancy for Tokyo.

Official figures for May show that inflation in Japan is under control, but energy subsidies mask very real underlying pressure.

The dollar is climbing to its highest level in two months as expectations of a Fed rate hike grow. The Japanese yen is taking a hit.

The dollar has paused its rally following the announcement of a major peace agreement. The yen remains stable following the BoJ's rate hike.

Japan's core inflation is expected to remain below 2% for the fourth consecutive month in May 2026. The Bank of Japan sees its target slipping further out of reach.

Japan's Minister of Economy warns against a too-sharp rise in interest rates just minutes before the Bank of Japan's decision. The yen and the USD/JPY are under pressure.

The dollar has reached its highest level since early April. Markets are now betting that the Federal Reserve will resume raising interest rates.

U.S. forces stationed in the Middle East are now living with the reality of a conflict that is reshaping their daily lives and those of their loved ones.

The dollar remains strong against the yen despite Governor Ueda's hawkish comments. The USD/JPY pair is holding steady at 159.93 as an imminent rate hike looms.

Tokyo's inflation rate in May came in below expectations. The Bank of Japan may reconsider its plan to raise interest rates in June.

The Bank of Japan has seen its net profit plummet due to higher interest payments on commercial banks' reserves. Positive interest rates are proving costly.

Ryozo Himino, deputy governor of the Bank of Japan, reaffirms the upward trajectory of Japanese interest rates. Only an escalation in the Middle East could change the situation.

Traders are once again betting on interest rate differentials between currencies. The carry trade is making a strong comeback, completely reshaping forex flows.

Higher-than-expected U.S. inflation is dragging down Asian currencies. The upcoming meeting between Trump and Xi Jinping is putting enormous pressure on the yuan and the yen.

The yen surged sharply on Monday, dropping from 157.2 to 156 against the dollar in a matter of minutes. Tokyo is taking further action to defend its currency, which is in free fall.

The yen rose as much as 3% in a matter of hours following intervention by Japanese authorities. The dollar fell to 155.60 yen, and traders remain on edge.

The Federal Reserve surprised markets by maintaining a hawkish stance. The dollar is rising against the euro, the pound, and the yen amid expectations that interest rates will remain high for longer.

Rising energy prices prompt the Bank of Japan to revise its inflation forecasts upwards. A major turning point for Japanese monetary policy and the yen.

Asian currencies strengthen as the dollar slips. Geopolitical tensions surrounding Iran and US inflation at the forefront: analysis of the week.