USD/JPY Exchange Rate Today, Forecast & News

USD/JPY
US Dollar - Japanese Yen
Open
155.443-1.07900 (-0.69%)
As of: May 16, 2024 13:51 UTC
Open
156.522
High
156.565
Low
154.154

Stats

Prev. Close

156.522

Open

156.522

Day's Range

154.154 - 156.565

52 Week Range

136.305 - 160.334

YTD Change

10.20%

1 Year Change

14.27%

Economic CalendarAll Events

Time zone: GMT

Thursday, May 16th 2024
Time	Currency	Event	Impact	Actual	Consensus	Previous
12:30	USD	Building Permits PrelApr	High	1.440M	1.48M	1.467M
12:30	USD	Philadelphia Fed Manufacturing IndexMay	Medium	4.5	8	15.5
12:30	USD	Building Permits MoM PrelApr	Medium	-3%	-0.2%	-3.7%
13:15	USD	Industrial Production MoMApr	Medium	0.0%	0.1%	0.1%
14:00	USD	Fed Barr Speech	Medium
14:30	USD	Fed Harker Speech	Medium
15:30	USD	Fed Mester Speech	Medium

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% Apr 24		5.5% May 24
Inflation Rate	2.7% Mar 24		3.4% Apr 24
Credit Ratings	Moody's	S&P	Moody's	S&P
Credit Ratings	A1Stable	A+Stable	AaaNegative	AA+Stable