• Sun, Mar 1, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--
 TOP NEWS

Indonesia News Portal for Traders | Financial & Business Updates

16 July 2025 10:05  |

Japanese Yen remains vulnerable near multi-month low against USD

The Japanese Yen (JPY) hit a fresh low since April against its American counterpart during the Asian session on Wednesday, with the USD/JPY bulls now awaiting a sustained strength beyond the 149.00 mark before placing fresh bets.

Investors pared their bets for an immediate interest rate hike by the Bank of Japan (BoJ) amid concerns about the economic fallout from higher US tariffs. This, in turn, has been a key factor behind the JPY's relative underperformance since the beginning of this month.

Adding to this, domestic political uncertainty ahead of the House of Councillors election on July 20 keeps the JPY bulls on the defensive, which, along with the recent US Dollar (USD) rally, lends support to the USD/JPY pair.

In fact, the USD Index (DXY), which tracks the Greenback against a basket of currencies, shot to its highest level since June 23 following the release of US consumer inflation figures on Tuesday, which reaffirmed expectations that the Federal Reserve (Fed) would delay cutting rates.

Source: FXStreet

Related News

USD/JPY

Japanese Yen Holds Near 6-Month High

The Japanese yen strengthened to 142.5 per dollar on Monday, near its highest in more than six months, as rising trade uncert...

14 April 2025 11:23
USD/JPY

Japanese Yen Remains Strong Amid Expectations Of Aggressive...

The Japanese Yen (JPY) remained firm against its US counterpart for the third straight day on Monday (02/06) and looks set to...

2 June 2025 09:54
USD/JPY

Japanese Yen Trades With Positive Bias Against USD; Looks S...

The Japanese Yen (JPY) moved higher against its American rival during the Asian session on Tuesday (4/7) and for now, seems t...

8 April 2025 09:47
USD/JPY

Japanese Yen Weakens Near One-Week Low Against USD

The Japanese Yen (JPY) remained in strong demand for the third straight day on Wednesday (February 12) amid concerns about th...

12 February 2025 14:09
BIAS23.com NM23 Ai