USD/JPY closed Tuesday at 161.79 — the highest finish of 2026 — and the distance between what Japan wants and what Japan can do has never looked wider. The problem in one paragraph Japan’s economy needs a weaker yen to keep exports competitive and inflation positive. But at 161, the currency’s decline is feeding import […]
The carry trade is feeding on itself. USD/JPY closed Monday at 161.43, its highest level of 2026, after touching 161.91 intraday. The pair has now gained roughly 500 pips since the start of June, and the character of the move has changed. April’s rally was cautious and headline-driven. This one is mechanical — systematic funds […]
160.33. That’s where USD/JPY finished Monday — the first daily close above 160 since the late-April spike, and a line in the sand that matters both technically and politically. The pair has now rallied for four straight weeks, from 156.85 in early May to Monday’s high of 160.39. Steady, persistent, almost boring — which is […]
USD/JPY closed above 160 for the first time since April, and while traders in New York and London watch the level for intervention risk, the more consequential story may be unfolding across the rest of Asia. A yen this weak rewrites the region’s competitive math. Korean and Taiwanese exporters lose pricing power against Japanese rivals; […]
USD/JPY is back above 159, and the reason is as old as the hills: yield differentials. The pair has been climbing for three straight weeks — from 156.85 in early May to 159.3 by Thursday — and the pattern is familiar to anyone who traded the yen over the past two years. When the gap […]