- The USD/JPY wins as the Japanese yen weakens despite the growing hard line bets
- The minutes of the BOJ meeting showed that the officials are sure to even more harden the monetary policy by the end of the year.
- The Fed is almost sure of cutting interest rates next month.
The USD/JPY pair is 0.35% higher than 147.70 during the European negotiation session on Tuesday. The pair wins after attracting significant offers after refreshing the minimum of 10 days around 146.60 earlier in the day.
A lower performance of Japanese Yen (JPY) has contributed significantly to a decent recovery movement in the pair. The Japanese currency features even when the minutes of the June monetary policy meeting of the Bank of Japan (BOJ) point out that officials are sure to increase interest rates even more for the end of the year.
And in Japanese price today
The lower table shows the rate of change of Japanese Yen (JPY) compared to the main currencies today. Yen Japanese was the weakest currency against the US dollar.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.30% | 0.08% | 0.38% | 0.21% | 0.29% | 0.47% | 0.41% | |
| EUR | -0.30% | -0.23% | 0.12% | -0.08% | -0.10% | 0.10% | 0.11% | |
| GBP | -0.08% | 0.23% | 0.31% | 0.15% | 0.13% | 0.33% | 0.21% | |
| JPY | -0.38% | -0.12% | -0.31% | -0.16% | -0.02% | 0.06% | 0.00% | |
| CAD | -0.21% | 0.08% | -0.15% | 0.16% | 0.02% | 0.18% | 0.07% | |
| Aud | -0.29% | 0.10% | -0.13% | 0.02% | -0.02% | 0.24% | 0.10% | |
| NZD | -0.47% | -0.10% | -0.33% | -0.06% | -0.18% | -0.24% | -0.04% | |
| CHF | -0.41% | -0.11% | -0.21% | -0.01% | -0.07% | -0.10% | 0.04% |
The heat map shows the percentage changes of the main currencies. The base currency is selected from the left column, while the contribution currency is selected in the upper row. For example, if you choose the Japanese yen from the left column and move along the horizontal line to the US dollar, the percentage change shown in the picture will represent the JPY (base)/USD (quotation).
The support for greater hardening of the policy by those responsible for the BOJ at a time when the global economy dealt with uncertainty about the tariff policy announced by the president of the United States (USA), Donald Trump.
Meanwhile, a slight recovery movement of the US dollar (USD) has also contributed to the USD/JPY rebound. The US dollar index (DXY), which follows the value of the green ticket compared to six main currencies, quotes the highest about 99.00, bouncing from its weekly minimum of 98.60.
However, the prospects of the US dollar remain uncertain, since operators have become increasingly confident that the Federal Reserve (Fed) will cut interest rates in the September policy meeting.
According to the CME Fedwatch tool, the probability that the Fed cuts interest rates at the September meeting is 92.2%. The operators increased Fed hard line bets as the Julio Non -Agricultural Payroll (NFP) report indicated a deceleration in labor demand.
Economic indicator
BOJ minutes
He Bank of Japan It meets every month for two days to review the development of the economy both inside and outside the country. These meetings also show their fiscal policy and perspectives for the future. Any change in the fiscal policy tends to affect the volatility of the YEN, in this way, if the BOJ shows an optimistic and strong perspective of the economy, it is perceived as a bullish for the Yen, on the other hand, if the BOJ is pessimistic and weak in its report, it will be bassist for the currency.
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Last publication:
lun Aug 04, 2025 23:50
Frequency:
Irregular
Current:
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Dear:
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Previous:
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Fountain:
Bank of Japan
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
