USD/JPY-Commentary

April 02, 2026

USD/JPY flows: USD Strengthens

April 2, 2026 5:12 AM UTC

Gulf countries reportedly mulls new pipelines to bypass Strait of Hormuz

April 01, 2026

USD/JPY flows: Another tanker hit in the Gulf

April 1, 2026 12:52 AM UTC

Another tanker hit in the Gulf

March 31, 2026

USD/JPY flows: March Tokyo CPI Stays Low

March 31, 2026 2:00 AM UTC

Japan Tokyo Core & Core-Core CPI 1.7% y/y, Headline 1.4%

March 30, 2026

USD/JPY flows: "Decisive" Action Ready

March 30, 2026 3:36 AM UTC

Japan’s FX chief Atsushi Mimura warns authorities are ready to take “decisive” action if speculative moves persist

March 27, 2026

USD/JPY flows: More verbal intervention

March 27, 2026 3:05 AM UTC

Japan’s Finance Minister Katayama signaled a stepped-up policy response to rising market volatility

March 25, 2026

USD/JPY flows: Ceasefire?

March 25, 2026 4:25 AM UTC

Market long for ceasefire hope
BoJ minutes reinforce gradual but ongoing rate hike bias

March 24, 2026

USD/JPY flows: Back and forth

March 24, 2026 5:21 AM UTC

Japan February Headline CPI 1.3% y/y

March 23, 2026

USD/JPY flows: All eyes waiting for the dealine

March 23, 2026 4:54 AM UTC

Market Participants Waiting for the Deadline

March 20, 2026

USD/JPY flows: Partial Recovery

March 20, 2026 3:59 AM UTC

USD bouncing after Thursday's slump

March 19, 2026

USD/JPY flows: BoJ Kept Rates Unchanged

March 19, 2026 4:56 AM UTC

BoJ keep rates unchanged at 0.75%
Israel struck Iran’s South Pars gas field and the Asaluyeh oil facility

USD/JPY flows: More jawboning before 160

March 19, 2026 1:11 AM UTC

Japan warns on speculative FX moves

March 18, 2026

USD/JPY flows: Back to trade surplus

March 18, 2026 2:19 AM UTC

Japanese Trade Balance beats

March 17, 2026

USD/JPY flows: Slow Grind Towards 160 continues

March 17, 2026 3:10 AM UTC

BOJ’s Ueda says inflation rising toward 2% ahead of policy meeting

March 16, 2026

USD/JPY flows: More Jawboning

March 16, 2026 3:30 AM UTC

Japan warns ready to take decisive action on FX

March 13, 2026

USD/JPY flows: Closer to 160

March 13, 2026 5:57 AM UTC

USD/JPY met verbal intervention on its way to 160

March 12, 2026

USD/JPY flows: No Boring Day for Oil

March 12, 2026 5:39 AM UTC

China has reportedly called for immediate ban on fuel exports for March

March 11, 2026

USD/JPY flows: Calm Wednesday

March 11, 2026 4:43 AM UTC

The IEA is weighing a record oil reserve release to calm markets after Hormuz disruption

March 10, 2026

USD/JPY flows: GDP Revised Higher

March 10, 2026 4:47 AM UTC

Japan Q4 annualized GDP revised higher to 1.3%

March 09, 2026

USD/JPY flows: Catastrophic Start for the Week

March 9, 2026 12:13 AM UTC

Japanese January labour cash earnings +3.0%

March 06, 2026

EUR/USD, USD/JPY flows: USD Down After Payrolls

March 6, 2026 1:38 PM UTC

USD lower after the data, but Iran war still helping USD sentiment.

March 05, 2026

USD/JPY flows: Japanese Equities Bounce and Fade

March 5, 2026 5:26 AM UTC

USD/JPY little changed

March 04, 2026

EUR/USD, USD/JPY flows: USD off on NYT Iran Talks Request

March 4, 2026 10:46 AM UTC

USD is dipping on reports of Iran reaching out to the U.S. for talks.

USD/JPY flows: Verbal Intervention Surfaces

March 4, 2026 5:46 AM UTC

Japan finance minister Katayama verbally intervene

March 03, 2026

EUR/USD, USD/JPY flows: Risk Off, But

March 3, 2026 9:13 AM UTC

The EUR is under pressure today, despite USDJPY being stable in Europe.

USD/JPY flows: Quiet before the storm?

March 3, 2026 3:52 AM UTC

Major FX rangebound

March 02, 2026

EUR/USD, USD/JPY flows: Risk Off, But

March 2, 2026 8:47 AM UTC

The mood remains risk off, but this is being curtailed by the modest rise in oil prices.

USD/JPY flows: FX market rangebound after weekend strike

March 2, 2026 2:59 AM UTC

U.S. strike Iran over the weekend, killing the Supreme leader

February 27, 2026

USD/JPY flows: Tokyo CPI Dips Further

February 27, 2026 2:48 AM UTC

Tokyo CPI Dips Further Below 2%

February 26, 2026

USD/JPY flows: Ueda and his hawkish words

February 26, 2026 5:35 AM UTC

BOJ’s Ueda flags March, April hike chance

February 25, 2026

USD/JPY flows: Geopolitical Drama Persists

February 25, 2026 6:05 AM UTC

Trump says Iran advancing missile, nuclear programs despite negotiations

February 24, 2026

EUR/USD, USD/JPY flows: Takaichi Weakens the JPY

February 24, 2026 9:44 AM UTC

The JPY fell noticeably across the board in early European trading, as reports indicated that PM Takaichi had voiced concerns about further BOJ rate hikes in a meeting with BOJ Ueda – a further 25bps hike had been discounted by June. Into mid-morning, the JPY partially retraced some of the losse

USD/JPY flows: USD rebounds

February 24, 2026 3:34 AM UTC

USD rebounds on Tuesday

February 23, 2026

EUR/USD, USD/JPY flows: Waiting for Trump State of the Union

February 23, 2026 8:00 AM UTC

In Europe, the USD has initially stabilized at lower levels.

USD/JPY flows: No Weekend Strikes

February 23, 2026 1:13 AM UTC

U.S.-Iran nuclear talks set for Thursday

February 20, 2026

EUR/USD, USD/JPY flows: Q4 US GDP

February 20, 2026 1:39 PM UTC

GDP lower than expected but USD dip is temporary.

USD/JPY flows: Headline Inflation Below Target

February 20, 2026 1:24 AM UTC

The January National CPI dipped below two percent

February 19, 2026

EUR/USD, USD/JPY flows: Initial Claims Helps USD

February 19, 2026 1:38 PM UTC

USD drifted higher after today's releases in the U.S.

February 18, 2026

EUR/USD, USD/JPY flows: Waiting for Friday

February 18, 2026 1:57 PM UTC

USD drifted higher, but breakout no expected before Friday Q4 GDP data.

February 17, 2026

USD/JPY flows: April Hike Speculation

February 17, 2026 5:35 AM UTC

BOJ likely to raise rates 25bp April, former board member says

February 16, 2026

USD/JPY flows: Preliminary Q4 GDP Miss

February 16, 2026 12:44 AM UTC

Q4 Annualized GDP at 0.2%

February 13, 2026

USD flows: Supreme Court decision on tariffs possible on February 20, but not certain

February 13, 2026 5:34 PM UTC

The Supreme Court has scheduled February 20 as a day for announcements. There is no certainty on which cases will see decisions announced for, but a ruling on the Trump reciprocal tariffs is a clear possibility.

EUR/USD, USD/JPY flows: U.S. Equity Risk Off Questions Post CPI

February 13, 2026 1:40 PM UTC

The January U.S. CPI at 0.2% headline and 0.3% core is USD neutral, as it does not change the near-term rate cut prospects that the market sees as coming in the summer.

USD/JPY flows: Rebound after on Friday

February 13, 2026 1:59 AM UTC

Japan advances U.S. investment package talks
Japan seizes Chinese fishing vessel in EEZ

February 12, 2026

USD/JPY flows: Japanese Officials Kept the Jawboning Pressure

February 12, 2026 3:42 AM UTC

Atsushi Mimura reiterates high-urgency monitoring stance
Bloomberg reports Hedge funds boost yen bets as buy Japan trade strengthens

February 11, 2026

EUR/USD, GBP/USD USD/JPY flows: USD bounces except versus JPY

February 11, 2026 1:49 PM UTC

USD has pushed higher against DM currencies except the JPY, after the stronger than expected January employment report (130k NFP and 4.3% unemployment).

USD/JPY flows: JPY Gaining on Japan Holiday

February 11, 2026 4:48 AM UTC

JPY Gaining on Japan Holiday

February 10, 2026

USD/JPY flows: Takaichi in Action

February 10, 2026 2:26 AM UTC

Japan pushes fast budget passage as food tax cuts, funding debated

February 09, 2026

USD/JPY flows: Labor Cash Earning Improves

February 9, 2026 2:12 AM UTC

December Labor Cash Earning 2.4% y/y
LDP Landslide Victory

February 06, 2026

USD/JPY flows: Household spending miss

February 6, 2026 2:03 AM UTC

Japan December Household Spending -2.9% m/m

February 05, 2026

USD/JPY flows: Waiting for Clarity

February 5, 2026 5:48 AM UTC

Polls suggest LDP to regain majority in Lower House