USD/JPY Extends Downside To Near 152.60 As USD Weakens Across The Board
The USD/JPY pair falls further to near 152.60 in Friday’s European session. The asset weakens as the US Dollar (USD) underperforms across the board amid cheerful market mood.
US Dollar PRICE Today
The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Canadian Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.18% | -0.21% | -0.17% | -0.12% | -0.33% | -0.53% | -0.16% | |
| EUR | 0.18% | -0.03% | 0.02% | 0.06% | -0.15% | -0.35% | 0.00% | |
| GBP | 0.21% | 0.03% | 0.04% | 0.08% | -0.12% | -0.32% | 0.04% | |
| JPY | 0.17% | -0.02% | -0.04% | 0.02% | -0.19% | -0.39% | -0.03% | |
| CAD | 0.12% | -0.06% | -0.08% | -0.02% | -0.23% | -0.40% | -0.05% | |
| AUD | 0.33% | 0.15% | 0.12% | 0.19% | 0.23% | -0.20% | 0.16% | |
| NZD | 0.53% | 0.35% | 0.32% | 0.39% | 0.40% | 0.20% | 0.35% | |
| CHF | 0.16% | -0.01% | -0.04% | 0.03% | 0.05% | -0.16% | -0.35% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).
Investors turn to risky assets as United States (US) President Donald Trump didn’t unveil the concrete reciprocal tariff plan on Thursday and asked treasury, commerce chiefs to work on reciprocity. However, market participants anticipated that Trump would reveal a detailed reciprocal tariff plan immediately. This scenario has eased fears of an immediate global trade war.
The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, revisits an almost four-week low around 106.80.
Despite easing safe-haven appeal of the US Dollar in the current scenario, its outlook remains firm as investors expect the Federal Reserve (Fed) keep interest rates at their current levels for longer. Fed Chair Jerome Powell said in his two-day testimony before the Congress that the central bank can maintain “policy restraint for longer” if economy remains strong and “inflation does not move toward 2%."
Meanwhile, the Japanese Yen (JPY) is also underperforming its peers, except the US Dollar, even though traders have become increasingly confident that the Bank of Japan (BoJ) will continue tightening the monetary policy.
BoJ hawkish bets have been prompted by inflationary pressures remaining above the 2% target for longer and firm expectations that wages will increase further.
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USD/JPY Tumbles From Weekly High Of 154.80 As Japanese Yen Outperforms On Safe-Haven BidUSD/JPY Extends Winning Streak For Third Day, US CPI Is On Horizon
AUD/USD Declines From Two-Week High Around 0.6300, US CPI In Focus
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