Breaking: Japanese Yen plummets below 162.00, fresh four-decade low against USD
The USD/JPY pair surges past the critical 162.00 psychological threshold, hitting a fresh four-decade high during the Asian session on Tuesday. However, expectations of a possible intervention by Japanese authorities cap further upside.
  • USD/JPY gains strong positive traction and reaches a four-decade high on Tuesday.
  • The US-Japan rate differential continues to undermine the JPY and support the pair.
  • Iran tensions and Fed hike bets revive the USD demand, further boosting spot prices.

The USD/JPY pair surges past the critical 162.00 psychological threshold, hitting a fresh four-decade high during the Asian session on Tuesday. However, expectations of a possible intervention by Japanese authorities cap further upside.

In fact, Japan's Finance Minister Satsuki Katayama and US Treasury Secretary Scott Bessent agreed to take steps on currencies if necessary. Moreover, Japan’s Chief Cabinet Secretary Minoru Kihara said last week that officials will take appropriate action against the foreign exchange moves if needed. Traders also seem hesitant to place fresh bearish bets on the Japanese Yen (JPY) in the wake of the Bank of Japan's (BoJ) hawkish outlook.

In fact, the Summary of Opinions from the BoJ's June meeting showed last week that policymakers debated mounting inflation risks, with some calling for faster rate increases to near levels deemed neutral to the economy. Furthermore, signs that inflation in Japan was now picking up endorse the BoJ’s policy tightening stance. However, borrowing costs in Japan remain lower than in the US, which keeps the so-called JPY carry trade in play.

Meanwhile, mixed signals on US-Iran talks and expectations for Federal Reserve (Fed) rate hikes help the US Dollar (USD) to stall its recent pullback from a 13-month high, which turns out to be another factor supporting the USD/JPY pair. US President Donald Trump said that Iran had requested a meeting with the US in Qatar. However, Iran said that no negotiation meetings are scheduled with the US at any level in the coming days.

Japanese Yen Price This week

The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies this week. Japanese Yen was the strongest against the Australian Dollar.

USD EUR GBP JPY CAD AUD NZD CHF
USD -0.24% -0.28% 0.23% 0.17% 0.27% 0.07% -0.27%
EUR 0.24% -0.09% 0.48% 0.37% 0.48% 0.25% -0.09%
GBP 0.28% 0.09% 0.60% 0.46% 0.57% 0.34% 0.00%
JPY -0.23% -0.48% -0.60% -0.09% 0.00% -0.09% -0.55%
CAD -0.17% -0.37% -0.46% 0.09% 0.09% -0.00% -0.37%
AUD -0.27% -0.48% -0.57% -0.01% -0.09% -0.23% -0.56%
NZD -0.07% -0.25% -0.34% 0.09% 0.00% 0.23% -0.36%
CHF 0.27% 0.09% -0.00% 0.55% 0.37% 0.56% 0.36%

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).

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SEBUT HARGA LANGSUNG

Nama / Simbol
Carta
% Perubahan / Harga
GBPUSD
Perubahan 1 hari
+0%
0
EURUSD
Perubahan 1 hari
+0%
0
USDJPY
Perubahan 1 hari
+0%
0

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