USD/JPY

Around 13.5% of daily trades. Known as “Gopher,” this pair is popular for its stability and low spreads, influenced by U.S. and Japanese monetary policies.

USD/JPY

Yen on the Brink: Navigating the Divergent Paths of Japan’s Currency in 2025 Amid Monetary Stalemate and Macro Uncertainty

Based on MUFG Research’s detailed JPY Weekly FX Outlook (Sept 16, 2025), the Japanese yen remains under pressure amid widening monetary policy gaps, modest inflation, and cautious BoJ stance. Despite verbal intervention risk from Japan’s Finance Ministry, currency support lacks conviction absent policy shifts. USD/JPY stays elevated near 150, testing multi-year highs with market focus on BoJ’s upcoming meeting for guidance on potential policy changes.

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