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US Dollar / Japanese Yen

Forex

USD/JPY

153.84

+1.21%

Simulated chart for educational purposes — not real market data.

Overview — US Dollar / Japanese Yen

USD/JPY tells you how many yen one US dollar buys. The yen is a classic safe-haven currency.

How it works

Heavily driven by the gap between US 10y yields and Japanese yields. Bank of Japan intervention can cause sharp reversals.

Key factors

US 10y yields

Higher US yields lift USD/JPY almost 1:1 in trend terms.

BoJ policy

Yield curve control changes and rate hikes strengthen the yen.

Risk-off flows

Yen strengthens in global panic episodes (carry trade unwind).

MoF intervention

Japan's Ministry of Finance has historically intervened above key levels.

What to watch

•US 10y Treasury yield
•BoJ meetings
•Japanese MoF statements
•Risk sentiment (VIX)

Where to track it

TradingView — USDJPY

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