The Japanese yen traded around 156 per dollar on Friday after surging for two consecutive sessions, putting it on track to gain about 2.5% for its strongest weekly performance since Tokyo and Washington carried out a joint yen-buying operation in late July. There is no confirmation that this week’s rally was driven by official intervention, although traders have speculated that authorities conducted a rate check, which typically precedes intervention. Markets also weighed the prospects for more aggressive interest rate hikes by the Bank of Japan this year following hawkish remarks from central bank officials and mounting pressure from the US to support the yen through tighter monetary policy. The BOJ is expected to deliver a quarter-point rate hike this month and an additional increase in December. Elsewhere, the yen also benefited from broad dollar weakness after Federal Reserve Governor Christopher Waller said he would support keeping rates steady if price pressures continue to ease.
The USD/JPY exchange rate rose to 156.2780 on September 4, 2026, up 0.30% from the previous session. Over the past month, the Japanese Yen has strengthened 0.93%, but it's down by 6.07% 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 September 4 of 2026.
The USD/JPY exchange rate rose to 156.2780 on September 4, 2026, up 0.30% from the previous session. Over the past month, the Japanese Yen has strengthened 0.93%, but it's down by 6.07% over the last 12 months. The Japanese Yen is expected to trade at 159.59 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 155.73 in 12 months time.