The Japanese yen weakened to around 160.2 per dollar on Friday, surrendering some of the previous session's gains as investors awaited the Bank of Japan's policy meeting next week, where it is widely expected to raise interest rates amid persistent inflation and sustained weakness in the currency. The BOJ is expected to lift its policy rate by 25 basis points to 1%, marking the first increase since December last year and the highest level since 1995. Meanwhile, BOJ Governor Kazuo Ueda has been hospitalized with a hepatic cyst infection and is set to miss the meeting. On Thursday, the yen climbed as much as 0.6% after the dollar retreated sharply following President Donald Trump's remarks that a peace deal with Iran could be signed as soon as this weekend in Europe. Japan's economy remains particularly exposed to geopolitical tensions in the Middle East due to its heavy dependence on oil imports from the region.
The USD/JPY exchange rate rose to 160.2070 on June 12, 2026, up 0.20% from the previous session. Over the past month, the Japanese Yen has weakened 1.49%, and is down by 11.20% 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 June 14 of 2026.
The USD/JPY exchange rate rose to 160.2070 on June 12, 2026, up 0.20% from the previous session. Over the past month, the Japanese Yen has weakened 1.49%, and is down by 11.20% over the last 12 months. The Japanese Yen is expected to trade at 160.02 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 155.80 in 12 months time.