The Japanese yen depreciated past 158.5 per dollar on Monday, hitting six-week lows as oil topped $100 a barrel amid concerns that a prolonged Middle East conflict could disrupt global energy supplies, weighing on oil-dependent economies. The US-Israeli war with Iran entered its second week with no resolution in sight, while major oil producers in the Middle East have been curbing production as shipments through the Strait of Hormuz remain halted. Japan relies on the Middle East for around 95% of its oil supplies with about 70% coming via the Strait of Hormuz, making the country particularly vulnerable to oil shocks. The government is considering tapping part of its national oil reserves as the Iran crisis continues. The yen was further pressured by a strengthening dollar, which benefited from its safe-haven appeal and revised expectations for Federal Reserve policy.

The USD/JPY exchange rate rose to 158.3730 on March 9, 2026, up 0.34% from the previous session. Over the past month, the Japanese Yen has weakened 2.58%, and is down by 7.54% over the last 12 months. Historically, the USDJPY reached an all time high of 358.44 in January of 1971. Japanese Yen - data, forecasts, historical chart - was last updated on March 9 of 2026.

The USD/JPY exchange rate rose to 158.3730 on March 9, 2026, up 0.34% from the previous session. Over the past month, the Japanese Yen has weakened 2.58%, and is down by 7.54% over the last 12 months. The Japanese Yen is expected to trade at 157.96 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 153.11 in 12 months time.



Crosses Price Day Year Date
USDJPY 158.3750 0.5385 0.34% 7.54% Mar/09
EURJPY 183.3950 0.0610 0.03% 14.94% Mar/09
GBPJPY 212.0570 0.5435 0.26% 11.83% Mar/09
AUDJPY 111.5680 0.6520 0.59% 20.67% Mar/09
NZDJPY 93.6740 0.5663 0.61% 11.39% Mar/09
CNYJPY 22.9160 0.0729 0.32% 13.03% Mar/09
CHFJPY 203.0390 -0.2690 -0.13% 21.44% Mar/09
CADJPY 116.5900 0.2558 0.22% 14.35% Mar/09
MXNJPY 8.8949 0.0259 0.29% 22.92% Mar/09
INRJPY 1.7137 -0.0032 -0.19% 1.61% Mar/09
BRLJPY 30.3429 0.2502 0.83% 20.66% Mar/09
RUBJPY 1.9899 -0.0080 -0.40% 20.96% Mar/09
KRWJPY 0.1072 0.0007 0.62% 6.22% Mar/09
IDRJPY 0.0093 0.00003 0.32% 4.02% Mar/09
ARSJPY 0.1118 0.0003 0.29% -19.11% Mar/09
CZKJPY 7.5050 0.0461 0.62% 17.79% Mar/09
DKKJPY 24.5382 -0.0073 -0.03% 14.70% Mar/09
HUFJPY 0.4645 -0.0011 -0.24% 16.59% Mar/09
MYRJPY 39.9496 -0.0495 -0.12% 19.12% Mar/09
 Currencies
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 ...JPY



Related Last Previous Unit Reference
Japan Inflation Rate 1.50 2.10 percent Jan 2026
United States Inflation Rate 2.40 2.70 percent Jan 2026
United States Fed Funds Interest Rate 3.75 3.75 percent Feb 2026
Japan Interest Rate 0.75 0.75 percent Feb 2026
United States Unemployment Rate 4.40 4.30 percent Feb 2026
Japan Unemployment Rate 2.70 2.60 percent Jan 2026

Japanese Yen
The USDJPY spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the JPY. While the USDJPY spot exchange rate is quoted and exchanged in the same day, the USDJPY forward rate is quoted today but for delivery and payment on a specific future date.
Actual Previous Highest Lowest Dates Unit Frequency
158.37 157.84 358.44 75.55 1971 - 2026 Daily

News Stream
Yen Extends Fall on Surging Oil Prices
The Japanese yen depreciated past 158.5 per dollar on Monday, hitting six-week lows as oil topped $100 a barrel amid concerns that a prolonged Middle East conflict could disrupt global energy supplies, weighing on oil-dependent economies. The US-Israeli war with Iran entered its second week with no resolution in sight, while major oil producers in the Middle East have been curbing production as shipments through the Strait of Hormuz remain halted. Japan relies on the Middle East for around 95% of its oil supplies with about 70% coming via the Strait of Hormuz, making the country particularly vulnerable to oil shocks. The government is considering tapping part of its national oil reserves as the Iran crisis continues. The yen was further pressured by a strengthening dollar, which benefited from its safe-haven appeal and revised expectations for Federal Reserve policy.
2026-03-09
Yen Heads for Third Weekly Fall
The Japanese yen traded around 157.5 per dollar on Friday, on track for its third consecutive weekly decline, pressured by the dollar’s strength as investors sought the reserve currency amid the escalating Middle East conflict. The US-Israeli offensive against Iran has now entered its seventh day, while Tehran launched a fresh wave of missile and drone strikes across the Gulf. The yen also faced headwinds from soaring oil prices, reflecting Japan’s heavy reliance on Middle East energy imports. Bank of Japan Governor Kazuo Ueda warned that the conflict could significantly affect Japan’s economy, signaling a likely prolonged hold on interest rates. Meanwhile, Finance Minister Satsuki Katayama said this week currency market intervention remains an option to support the yen, emphasizing that authorities are monitoring the decline “with a strong sense of urgency” and coordinating closely with the US.
2026-03-06
Yen Finds Support as Dollar Retreats
The Japanese yen strengthened past 157 per dollar on Thursday, extending gains from the previous session as the dollar pulled back on hopes for an end to hostilities in the Middle East and easing inflationary concerns. However, traders remain on alert for further escalation as the US-Israeli war on Iran has now entered its sixth day, with the US sinking an Iranian warship off the coast of Sri Lanka. Inflation worries also eased as the Trump administration moved to reassure markets over commercial activity in the Gulf. Domestically, Bank of Japan Governor Kazuo Ueda cautioned that the Middle East conflict could materially impact Japan’s economy, signaling a likely prolonged hold on interest rates. Meanwhile, Finance Minister Satsuki Katayama said currency market intervention remains an option to support the yen, noting that authorities are monitoring the decline “with a strong sense of urgency” and are coordinating closely with the US.
2026-03-05