The Japanese yen hovered around 159.55 on Friday after surging in the previous session, with markets suspecting Tokyo intervened once again to support the currency just hours before the Bank of Japan’s policy decision. Nikkei reported that Japanese authorities entered the foreign exchange market and that US officials requested dollar-yen rate quotes. Japanese Finance Minister Satsuki Katayama has repeatedly signaled that authorities stand ready to intervene at any time, while noting that Japan remains in close communication with the US on foreign exchange issues. The yen had weakened to a 40-year low earlier this month under pressure from elevated energy costs, fiscal concerns, and wide interest rate differentials. Meanwhile, the BOJ left its policy rate unchanged at 1%, in line with expectations, keeping borrowing costs at their highest level since September 1995 following a 25-basis-point rate hike in June.
The USD/JPY exchange rate fell to 157.2590 on August 2, 2026, down 0.11% from the previous session. Over the past month, the Japanese Yen has strengthened 2.54%, but it's down by 7.13% 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 August 2 of 2026.
The USD/JPY exchange rate fell to 157.2590 on August 2, 2026, down 0.11% from the previous session. Over the past month, the Japanese Yen has strengthened 2.54%, but it's down by 7.13% over the last 12 months. The Japanese Yen is expected to trade at 156.73 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 153.26 in 12 months time.