USD/JPY breaks key support as Japan signals yen intervention and a hawkish BoJ, shifting focus to elections, rate differentials, and downside risks for the pair.

The US Dollar is gaining the upper hand against the Japanese Yen, with both currencies among the worst G8 performers this week.

Japan's yen is surging and dragging down the dollar across markets, as rate checks have investors on high alert over the risks of the first joint U.S.-Japan currency intervention in 15 years.

One of Canada’s biggest institutional investors is citing the Swiss franc, Japanese yen and gold as potential alternatives to the US dollar as President Donald Trump’s policies pressure the greenback.

Inflation itself might provide another explanation for the yen’s weakness. Since 2024 prices rose faster in Japan than in all three of its biggest trading partners—China, America and the EU —about two-thirds of the time. This has caused the yen to lose purchasing power more quickly than the yuan, the dollar or the euro.

NEW YORK, Jan 28 (Reuters) - The U.S. dollar held gains against the euro and the yen on Wednesday after the U.S. Federal Reserve kept interest rates steady, citing still-elevated inflation alongside solid economic growth,

Good morning. The dollar fell on speculation the US may help support the yen. DeepSeek fears prove to be unfounded. And Apple unveils louder AirTags. Listen to the day’s top stories.

The value of the U.S. dollar plunged after President Donald Trump said he was not concerned about the currency's recent drop.