USD/JPY retreats from multi-month high as Japan’s intervention warnings cap upside
USD/JPY trades around 159.50 on Thursday, down 0.59% on the day, after reaching its highest level since July 2024 at 160.73 earlier in the day.
  • USD/JPY pulls back after hitting a multi-month high above 160.
  • Japanese authorities step up warnings about the weakness of the Japanese Yen.
  • The US Dollar remains supported by the Fed despite an intraday decline.

USD/JPY trades around 159.50 on Thursday, down 0.59% on the day, after reaching its highest level since July 2024 at 160.73 earlier in the day. The pullback comes as the Japanese Yen (JPY) strengthens sharply following firm warnings from Tokyo authorities about a potential intervention in the foreign exchange market.

The reversal follows verbal intervention from Japan’s Finance Minister, Satsuki Katayama, who stated that the country is moving closer to taking decisive action in FX markets. These comments immediately supported the Japanese Yen, prompting investors to trim long USD/JPY positions amid rising intervention risks.

Earlier in the day, the pair had surged on broad US Dollar (USD) strength, driven by the Federal Reserve (Fed). The central bank left interest rates unchanged but delivered a relatively hawkish message, with internal dissent leading markets to scale back expectations for rate cuts. This pushed US Treasury yields higher and supported the Greenback.

Despite this fundamental support, USD/JPY’s move above the key 160.00 threshold reignited fears of intervention, as this level is widely seen as a red line for Japanese authorities. The latest comments have reinforced this perception and explain the swift correction from the intraday peak.

In this environment, USD/JPY dynamics remain caught between solid US Dollar support and growing intervention risks from Japan, which are now capping the pair’s upside in the short term.

Japanese Yen Price Today

The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies today. Japanese Yen was the strongest against the Euro.

USD EUR GBP JPY CAD AUD NZD CHF
USD -0.01% -0.10% -0.57% -0.10% -0.20% -0.17% -0.32%
EUR 0.01% -0.05% -0.58% -0.09% -0.16% -0.10% -0.28%
GBP 0.10% 0.05% -0.52% -0.03% -0.10% -0.06% -0.22%
JPY 0.57% 0.58% 0.52% 0.47% 0.38% 0.37% 0.23%
CAD 0.10% 0.09% 0.03% -0.47% -0.10% -0.08% -0.22%
AUD 0.20% 0.16% 0.10% -0.38% 0.10% 0.04% -0.10%
NZD 0.17% 0.10% 0.06% -0.37% 0.08% -0.04% -0.15%
CHF 0.32% 0.28% 0.22% -0.23% 0.22% 0.10% 0.15%

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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COTAÇÕES AO VIVO

Nome / Símbolo
Gráfico
% Variação / Preço
GBPUSD
Variação 1 dia
+0%
0
EURUSD
Variação 1 dia
+0%
0
USDJPY
Variação 1 dia
+0%
0

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