- The USD/JPY falls in the middle of the Japanese yen forces at 143.00 before BOJ policy on Thursday.
- Boj is expected to keep prices permanently in 0.5% of uncertainty about how Trump's tariff policy shapes the global economic outlook.
- US Bessent has announced that the ball is in the Chinese court when asked Development in US-China trade negotiations.
The USD/JPY pair falls sharply close to the northern American hours on Monday at 143.00. The couple decreases as the Japanese yen (JPY) is trading strongly at the beginning of the week, investors waiting for a monetary policy announcement on Thursday.
The price of Japanese yen today
The table below shows the percentage of Japanese yen (JPY) with the main currencies listed today. The Japanese yen was the strongest against Switzerland Frank.
| Dollar | EUR | Gbp | Jpy | Kadi | Audio | Nzd | Chf | |
|---|---|---|---|---|---|---|---|---|
| Dollar | 0.04% | -0.39% | -0.34% | -0.12% | -0.13% | -0.01% | -0.12% | |
| EUR | -0.04% | -0.49% | -0.41% | -0.18% | -0.27% | -0.06% | -0.18% | |
| Gbp | 0.39% | 0.49% | 0.08% | 0.33% | 0.20% | 0.43% | 0.32% | |
| Jpy | 0.34% | 0.41% | -0.08% | 0.26% | 0.25% | -1,07% | 0.49% | |
| Kadi | 0.12% | 0.18% | -0.33% | -0.26% | -0.13% | 0.11% | 0.00% | |
| Audio | 0.13% | 0.27% | -0.20% | -0.25% | 0.13% | 0.22% | 0.09% | |
| Nzd | 0.00% | 0.06% | -0.43% | 1.07% | -0.11% | -0.22% | -0.12% | |
| Chf | 0.12% | 0.18% | -0.32% | -0.49% | -0.01% | -0.09% | 0.12% |
The heat card shows the percentage of the main currencies relative to each other. The basic currency is selected from the left column, but the quote currency is selected from the upper row. For example, if you choose the Japanese yen from the left column and move along the horizontal line to the US dollar, the percentage change in the box marks JPY (base)/USD (quote).
On Monday, the Japanese markets remained closed at the Showa Day.
This week, Boj is expected to leave interest rates at its current level for 0.5% in a second time. As a result, investors pay attention to the monetary statement and the governor of the bank to Kazuo Ueda's press conference to find out if the central bank will raise interest rates in the near future.
Investors doubt that Boj will soon hike its own loan rates as the tariffs announced by the United States (US) President Donald Trump will reduce Japan's gross domestic product (GDP). However, accelerating inflationary pressures keeps the doors of close monetary policy.
On Friday, the Japanese Statistical Bureau announced that the Tokyo Consumer Price Index (CPI), except for fresh food, rose 3.4%in March, compared to estimates of 3.2%and previous release 2.4%.
Meanwhile, the US dollar (USD) is ticking in the middle of the insecurity of US and Chinese trade talks. During North American trading lessons on Monday, comments from US Treasury secretary Scott Besent have noticed that US-China trade prospects are in Beijing. “I believe that China's task is to escalate because they sell us five times more than we sell to them, Bessent said in an interview about the CNBC Squawk Box and added that 120%, 145% tariffs are not sustainable.
Last week, China announced that it was considering stopping additional tariffs on the import of medical devices from the US and some industrial chemicals.
Japanese yen FAQ
Japanese yen (JPY) is one of the worlds traded in the world. Its value is widely determined by the Japanese economy, but more specifically the difference between the Japanese Bank's policy, the yield of Japanese and US bonds or traders' quality.
One of the banks of Japanese mandates is currency control, so its moves are key to yen. Boj has sometimes intervened directly in the foreign exchange markets to lower the value of yen in general, although it often refrains from the political problems of its main trade partners. Boj's super-light monetary policy in 2013-2024 made the yen depreciated against its main currency companions, as the political difference between the Japanese Bank and other central banks. Recently, this ultra-light politics have gradually relaxed a certain support to the yen.
Over the last decade, BOJ has caused the Political Policy to enlist the expansion of the Ultra-free monetary policy with other central banks, especially the US Federal Reserve. It supported the expansion of the differential of the 10-year-old US and Japanese bonds, which favored the US dollars towards Japanese yen. BOJ's decision in 2024 will gradually abandon the highly accurate politics with cutting interest rates in other major central banks.
Japanese yen is often considered a safe investment. This means that during the stress of market, investors are more likely to put their money into the Japanese currency due to their alleged credibility and stability. Turbulent times are likely to strengthen the value of yen to other currencies invested.
