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USD/JPY - Live Chart & Exchange Rate

1 USD = 158.3222 JPY

Indicative rate, updated 22 hours ago. Not a live dealing rate - confirm with your broker before trading.

USD/JPY Sentiment Gauge

A live technical-analysis reading for USD/JPY, from Strong Sell to Strong Buy, updated automatically by TradingView. Forex has no reliable, freely-published Fear & Greed Index the way stocks or crypto do, so this momentum-based gauge is shown instead.

USD/JPY tracks the US Dollar against the Japanese Yen and is one of the most traded currency pairs in the world. Moves are driven mainly by Federal Reserve and Bank of Japan policy, with federal reserve interest-rate policy and bank of japan policy also important.

Rates shown here are indicative only, sourced periodically rather than streamed live. Confirm the exact rate with your bank or broker before converting funds or opening a trade.

USD/JPY Key Statistics

Latest

158.3222

1 Oct 2026

Highest since Mar 2024

163.6997

29 Jul 2026

Lowest since Mar 2024

141.6927

18 Sep 2024

12-month average

157.3342

147.9646 – 163.6997

30 days: -0.49% 90 days: -2.74% 1 year: +7.00%

Over the past year USD/JPY has risen 7.00%, meaning the USD has strengthened against the JPY. In the last 30 days it has moved down 0.49%. Across the last 12 months it traded between 147.9646 and 163.6997. Its highest level in the data window (since March 2024) was 163.6997 on 29 Jul 2026, and its lowest was 141.6927 on 18 Sep 2024.

Based on weekly data from 6 Mar 2024 to 1 Oct 2026. Source: weekly rate snapshots (currency-api). A rising rate means the USD is strengthening against the JPY. Past performance does not predict future results.

What Moves USD/JPY

A pair's price is one currency's value measured against another, so the economy behind each side matters.

US Dollar (USD)

United States · Federal Reserve (Fed) · Free float

The US Dollar is the world's dominant reserve and trading currency. It sits on one side of roughly nine in ten forex trades, and most commodities, including gold and oil, are priced in it.

Major contributors to the economy

  • Services and finance
  • Technology
  • Advanced manufacturing
  • Energy (a leading oil and gas producer)
  • Healthcare and pharmaceuticals
  • Agriculture and defence exports

Key factors

  • Federal Reserve interest-rate policy. Rate decisions, projections and speeches by Fed officials set expectations for US interest rates, the single biggest driver of Dollar value.
  • US inflation and jobs data. CPI/PCE inflation and the monthly Non-Farm Payrolls report shift rate expectations and move the Dollar within minutes.
  • Treasury yields. Higher US bond yields relative to other countries attract capital and lift the Dollar.
  • Safe-haven demand. In global stress the Dollar usually rallies as investors seek safety and liquidity.
  • US fiscal and political developments. Government debt levels, budget standoffs, tariffs and trade policy affect confidence in US assets.

Japanese Yen (JPY)

Japan · Bank of Japan (BoJ) · Free float

The Japanese Yen is the third most traded currency and a classic safe haven. Very low Japanese interest rates make it the main funding currency for "carry trades".

Major contributors to the economy

  • Cars and machinery
  • Electronics and semiconductors
  • Services
  • Overseas investment income

Key factors

  • Bank of Japan policy. Japan kept ultra-low rates for decades; any move towards higher rates strengthens the Yen.
  • Interest-rate gap. The gap between Japanese and foreign yields drives carry trades and Yen weakness or strength.
  • Risk sentiment. In global stress, carry trades unwind and the Yen tends to rally.
  • Government intervention. Japan's Ministry of Finance has intervened to stop sharp Yen falls.

How USD and JPY Interact

Both the US Dollar and the Japanese Yen are safe havens, so in market stress they can strengthen together, and this pair often moves less than either does against riskier currencies.

Central-bank policy matters on both sides: the Federal Reserve (Fed) and the Bank of Japan (BoJ). When one of them is expected to keep interest rates higher than the other, that currency usually attracts capital and strengthens; a narrowing gap tends to reverse the move.

Markets to Watch

  • US 10-year Treasury yield USD

    Typically rises with the Dollar

  • Gold USD

    Usually moves inversely to the Dollar

  • S&P 500 / risk sentiment USD

    Risk-off episodes tend to boost the Dollar

  • Japanese 10-year government bond yield JPY

    Higher yields tend to support the Yen

  • Nikkei 225 JPY

    Often rises when the Yen weakens

Events & Data to Follow

  • USD FOMC meetings (8 per year)
  • USD Non-Farm Payrolls (first Friday of the month)
  • USD CPI and PCE inflation
  • USD Fed chair speeches and meeting minutes
  • JPY Bank of Japan policy meetings
  • JPY Tokyo CPI
  • JPY Ministry of Finance intervention comments

Historical Milestones

  1. 2008 USD

    The global financial crisis triggered a surge in safe-haven Dollar demand.

  2. 2011 JPY

    After the Tohoku earthquake the Yen hit record highs, prompting G7 intervention.

  3. 2013 JPY

    "Abenomics" and massive BoJ easing began a long period of Yen weakness.

  4. 2014-15 USD

    The Fed signalled tighter policy while other central banks eased, driving a powerful Dollar rally.

  5. 2020 USD

    In March 2020 a global "dash for Dollars" sent the currency sharply higher before the Fed flooded markets with liquidity.

  6. 2022 USD

    The fastest Fed hiking cycle in decades pushed the Dollar to a roughly 20-year high, including parity with the Euro.

  7. 2024 JPY

    The BoJ ended negative interest rates, its first rate rise in 17 years.

Why USD/JPY Matters to Tanzanian Traders

Most Tanzanian traders trade major pairs like USD/JPY because they have the tightest spreads, the most liquidity and the most analysis available. Trading accounts are usually held in US Dollars, so Dollar pairs are also easy to follow.

Compare brokers offering these pairs →

Risks & Trading Hours

  • Surprise policy shifts or data can cause abrupt moves. (USD)
  • Political events such as tariffs or debt-ceiling standoffs can shake the Dollar. (USD)
  • Sudden intervention by Japanese authorities. (JPY)
  • Sharp moves when carry trades unwind. (JPY)

Most active: New York session (and the London-New York overlap) • Tokyo session (and the London and New York sessions)

USD/JPY FAQ

What is the current USD/JPY exchange rate?

1 USD is worth about 158.3222 JPY (indicative, updated 22 hours ago). Always confirm the exact rate with your bank or broker before you convert or trade.

What is the all-time high and low of USD/JPY?

In the data we track (since 6 Mar 2024), USD/JPY peaked at 163.6997 on 29 Jul 2026 and bottomed at 141.6927 on 18 Sep 2024.

What moves the USD/JPY exchange rate?

USD/JPY is influenced by the relative strength of the US Dollar and the Japanese Yen. Key factors include: Federal Reserve interest-rate policy, US inflation and jobs data, Bank of Japan policy, Interest-rate gap. See the sections above for the full list.

When is the best time to trade USD/JPY?

Activity and liquidity are typically highest during: New York session (and the London-New York overlap) • Tokyo session (and the London and New York sessions). Spreads are usually tighter when the relevant markets are open.

Is USD/JPY good for beginners?

USD/JPY is one of the more liquid pairs, with tight spreads at most brokers, which makes it a reasonable choice for beginners. Practise on a free demo account first.

This page is educational. Rates, statistics and commentary are indicative and may contain errors or be out of date.

Other Currency Pairs

EUR/USD GBP/USD USD/CHF USD/CAD AUD/USD NZD/USD All pairs →

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