- USD/JPY dips sharply to 154.00 as the Japanese yen acted strongly on safe-haven demand.
- The BOJ increased interest rates by 25 BPS, but did not provide a specific path for interest rate increases.
- US dollar falls as Trump reverses 25% tariff proposal on Colombia and accelerates Fed betting.
The USD/JPY pair will fall to near 154.00 in Monday’s North American session. The asset weakens as the Japanese yen (JPY) outperforms its major peers and investors rush to the safety of the United States (US) technology stocks.
Japanese yen price today
The table below shows the percentage change of the Japanese Yen (JPY) against major currencies. The Japanese yen was strongest against the Australian dollar.
| USD | Euro | GBP | Jpy | BOOR | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.23% | -0.20% | -1.03% | 0.10% | 0.38% | 0.23% | -0.75% | |
| Euro | 0.23% | 0.11% | -0.66% | 0.48% | 0.63% | 0.59% | -0.41% | |
| GBP | 0.20% | -0.11% | -1.06% | 0.38% | 0.52% | 0.50% | -0.51% | |
| Jpy | 1.03% | 0.66% | 1.06% | 1.19% | 1.61% | 1.51% | 0.43% | |
| BOOR | -0.10% | -0.48% | -0.38% | -1.19% | 0.08% | 0.12% | -0.88% | |
| AUD | -0.38% | -0.63% | -0.52% | -1.61% | -0.08% | -0.00% | -0.99% | |
| NZD | -0.23% | -0.59% | -0.50% | -1.51% | -0.12% | 0.00% | -1.22% | |
| CHF | 0.75% | 0.41% | 0.51% | -0.43% | 0.88% | 0.99% | 1.22% |
The heat map shows the percentage changes of the major currencies against each other. The base currency is collected from the left column and the quote currency is collected from the top row. For example, if you select the Japanese Yen from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent JPY (base)/USD (quote).
U.S. technology stocks fell after analysts predicted China’s Deepseek artificial intelligence (AI) model, with top chatbots like Openai at affordable prices. In addition to the Japanese yen, the Swiss franc (CHF) is also trading strongly, being a safe-haven resource.
Yen is also trading heavily on the Bank of Japan (BIJ) interest rate hike decision. The central bank on Friday raised lending rates by 25 basis points (BPS) to 0.5% amid confidence that sustained wage growth will keep inflation pressures above the desired 2% rate. The BOJ stopped brief of committing to a predefined path of tapering policy, but said it would raise interest rates if the economy performed as they expected.
Early Monday, the US dollar (USD) also rose strongly on many Tailal indexes, such as US President Donald Trump’s threat to impose a 25% tariff on Colombia for refusing to accept military flights carrying illegal immigrants from their nation and uncertainty ahead of the Federal Reserve (Fed) policy meeting money on January 28-29, but gave up all its gains and resumed its degenerating journey towards a seven-week low.
Trump later pulled away from his proposal to place tariffs on Colombia because the South American nation accepted his terms, which reduced the safe-haven USD. On the monetary policy front, Fed acceleration Dovish Bets also considered the US dollar.
Traders now expect the Fed to cut interest rates by 50 BPS this year, but it is widely expected to keep rates in the 4.25%-4.50% range on Wednesday.
