1729834432-0/Untitled-design-(23)1729834432-0-640x480.webp?w=1024&resize=1024,1024&ssl=1 "Pakistan Stock Exchange Slips 495 Points Amid Heightened US-Iran Geopolitical Tensions")
The USD/JPY pair stood at roughly 162.90 on Thursday, slipping 0.31% as the U.S. dollar weakened following the Federal Reserve’s Wednesday meeting and a batch of softer‑than‑expected U.S. economic indicators released earlier, ahead of the Bank of Japan’s upcoming policy announcement.
U.S. GDP grew at an annualized 1.5% in the second quarter, missing the 2.1% forecast and marking a slowdown from the 2.1% expansion recorded in the first quarter. The BEA attributed the deceleration to reduced government spending and weaker investment and export activity, although consumer spending remained resilient.
Inflation data published on Thursday reinforced the view of a gradual easing in price pressures. The Personal Consumption Expenditures price index fell 0.1% month‑over‑month in June, with the annual rate declining to 3.7% from 4.1%, and core PCE prices grew 3.3% year‑over‑year, matching market expectations.
The Federal Reserve kept its target rate steady at 3.5%‑3.75% on Wednesday, a decision that was largely expected. Yet three dissenting votes called for an immediate hike, underscoring policymakers’ continued concern over sticky inflation. Despite the hawkish stance, the dollar failed to rally, slipping lower as markets questioned the likelihood of further rate increases amid political pressure. Fed Chair Kevin Warsh refrained from offering forward guidance during his press conference, further pressuring the greenback.
Attention now turns to the Bank of Japan, which is expected to maintain its policy rate at 1% on Friday. Markets will scrutinize the latest economic projections and Governor Kazuo Ueda’s comments for signals about a potential rate hike as early as October or a postponement to December. A more hawkish stance from the BoJ would likely bolster the yen and add further downward pressure on USD/JPY.
Japanese Yen Price Today
The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies today. Japanese Yen was the strongest against the US Dollar.
USDEURGBPJPYCADAUDNZDCHFUSD-0.11%-0.02%-0.39%-0.01%-0.37%-0.75%-0.27%EUR0.11%0.08%-0.30%0 .10%-0.30%-0.68%-0.16%GBP0.02%-0.08%-0.35%0.04%-0.34%-0.73%-0.21%JPY0.39%0.30%0.35%0.39%0 .03%-0.38%0.16%CAD0.00%-0.10%-0.04%-0.39%-0.36%-0.76%-0.22%AUD0.37%0.30%0.34%-0.03%0.36%- 0.39%0.12%NZD0.75%0.68%0.73%0.38%0.76%0.39%0.56%CHF0.27%0.16%0.21%-0.16%0.22%-0.12%-0.56%
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 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).
