USD/JPY is the exchange rate between the US dollar and the Japanese yen, showing how many yen one US dollar buys.

The pair is especially sensitive to the interest-rate differential between the US Federal Reserve and the Bank of Japan, US Treasury yields, and risk sentiment.

Why does USD/JPY track interest rates so closely?

Because Japanese interest rates have stayed very low for years, USD/JPY tends to move with the gap between US and Japanese government-bond yields; historically a wider gap has coincided with a stronger dollar against the yen.

NewsPips AI

Japanese Yen (USD/JPY) news & analysis

USD/JPY is the exchange rate between the US dollar and the Japanese yen, a major pair sensitive to interest-rate differentials.

Why is USD/JPY up or down today?

No major USD/JPY developments in the recent news window. Check the economic calendar below for scheduled events.

Latest news

USD/JPY in Focus After U.S.-Japan Intervention
www.actionforex.com · 11 hr. ago
USD/JPY Price Forecast: Bounces up from lows with bulls aiming for 158.65
www.fxstreet.com · 6 hr. ago
Japanese Yen comes under pressure as BoJ division, narrowing surplus
www.fxstreet.com · 11 hr. ago
British Pound rallies to over one-week high as fiscal woes and rate gap hammer Yen
www.fxstreet.com · 5 hr. ago
Japanese Yen underperforms on surprising current account deficit
www.fxstreet.com · 1 hr. ago
USD/JPY erases the non-farm payrolls drop, what's next?
investinglive.com · 8 hr. ago
Market Challenges US-Japan Resolve on Yen and Tehran Challenges US Resolve to Re-Open Strait of Hormuz
www.marctomarket.com · 52 min. ago
Yen Bears Struggle as Speculators Buy Every Dip. Forecast as of 10.08.2026
www.litefinance.org · 2 hr. ago

Upcoming economic events

2026-08-10 — Economy Watchers Sentiment · forecast 44.6 · JPY
2026-08-10 — Cleveland Fed Inflation Expectations · USD
2026-08-10 — FOMC Member Hammack Speaks · USD
2026-08-10 — Bank Holiday · JPY
2026-08-11 — Economy Watchers Sentiment · JPY
2026-08-11 — NFIB Small Business Index · forecast 97.8 · USD
2026-08-11 — ADP Weekly Employment Change · USD
2026-08-11 — Existing Home Sales · forecast 4.05M · USD

Learn what moves USD/JPY →

Related markets

Frequently asked questions

What is USD/JPY?: USD/JPY is the exchange rate between the US dollar and the Japanese yen, showing how many yen one US dollar buys.
What moves USD/JPY?: The pair is especially sensitive to the interest-rate differential between the US Federal Reserve and the Bank of Japan, US Treasury yields, and risk sentiment.
Why does USD/JPY track interest rates so closely?: Because Japanese interest rates have stayed very low for years, USD/JPY tends to move with the gap between US and Japanese government-bond yields; historically a wider gap has coincided with a stronger dollar against the yen.
Why is USD/JPY up or down today?: USD/JPY moves closely with the gap between US and Japanese government-bond yields and with risk sentiment, so a change in either can move it within a day. See the analysis at the top of this page for the current driver.

See USD/JPY analysis live

NewsPips AI continuously analyses the news that moves USD/JPY.

Try a live analysis

Not investment advice. For informational purposes only.

We use cookies to keep you signed in (strictly necessary — always on). With your permission, we also use Sentry to collect error diagnostics including your IP address and browser metadata (no session replay) so we can fix bugs. See our privacy policy.