USD/JPY is the forex ticker that shows the value of the US Dollar against the Japanese Yen. It tells traders how many Yen are needed to buy a US Dollar. The Dollar-Yen is one of the most traded forex pairs – second only to EUR/USD – and is a benchmark for Asian economic health and even the global economy. View the live Dollar-Yen rate with the USD/JPY chart and improve your technical and fundamental analysis with the latest USD/JPY forecast, news and analysis.
Inflation in Japan printed better-than-expected for the month of January, coming in at 2.2% vs the prior 2.6%. Markets appear to have bushed aside the recent easing of price pressures as inflation has been falling every month since October’s 3.3%. Instead they remain focused on the fact that the headline measure remains above 2% and the core figure surpassed expectations of 1.8% to come in at 2%.
The Japanese Yen (JPY) strenghtens during the Asian session on Tuesday following the release of slightly hotter-than-expected Japanese consumer inflation figures, which revived bets for an imminent shift in the Bank of Japan's (BoJ) policy stance.