USD/JPY Exchange Rate Today, Forecast & News

USD/JPY
US Dollar - Japanese Yen
Open
140.149+0.50650 (+0.36%)
As of: Jun 07, 2023 16:54 UTC
Open
139.642
High
140.150
Low
139.026

Stats

Prev. Close

139.642

Open

139.642

Day's Range

139.026 - 140.150

52 Week Range

127.221 - 151.946

YTD Change

6.89%

1 Year Change

6.03%

Economic CalendarAll Events

Time zone: GMT

Wednesday, June 7th 2023
Time	Currency	Event	Impact	Actual	Consensus	Previous
12:30	USD	ImportsApr	Medium	$323.6B	$325.2B	$318.8B
12:30	USD	Balance of TradeApr	High	$-74.6B	$-75.2B	$-60.6B
14:30	USD	EIA Crude Oil Stocks ChangeJun/02	Medium	-0.451M	1.022M	4.488M
14:30	USD	EIA Gasoline Stocks ChangeJun/02	Medium	2.746M	0.88M	-0.207M
23:50	JPY	Current AccountApr	Medium		¥1663.8B	¥2278.1B
23:50	JPY	GDP Growth Annualized FinalQ1	Medium		1.9%	-0.1%
23:50	JPY	GDP Growth Rate QoQ FinalQ1	Medium		0.5%	0%

USD/JPY

The USD/JPY is considered the 2nd most liquid currency pairing in the FX markets, accounting for 13% of total transaction volume in the FX market. Japan's current account surplus supports its safe haven status. During periods of political and / or economic uncertainty, the Yen is the market's preferred choice. Monetary policy and trade dynamics are also key drivers for the pairing. Historically, carry trades have also been a key influence, with the Yen a funding currency.

	Japan		United States
Interest Rate	-0.1% May 23		5.25% May 23
Inflation Rate	3.5% Apr 23		4.9% Apr 23
Credit Ratings	Moody's	S&P	Moody's	S&P
Credit Ratings	A1Stable	A+Stable	AaaStable	AA+Stable