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USD/JPY - Live Chart & Exchange Rate

1 USD = 158.6866 JPY

Indicative rate, updated 7 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 is one of the most heavily traded currency pairs in the world, driven by US Federal Reserve policy, inflation data and its role as the world's reserve currency on one side and Bank of Japan policy and its role as a safe-haven currency on the other. Its deep liquidity means tighter spreads with most brokers serving Zambian traders.

Rates shown here are indicative only. Confirm the exact rate and spread with your broker before trading.

USD/JPY Key Statistics

Latest

157.590

25 Sep 2026

Highest on record

163.910

28 Jul 2026

Lowest on record

75.7700

28 Oct 2011

12-month average

157.279

146.780 – 163.910

30 days: -0.93% 90 days: -2.51% 1 year: +5.89% 3 years: +5.86% 5 years: +42.62% 10 years: +57.13%

Over the past year USD/JPY has risen 5.89%, meaning the USD has strengthened against the JPY. In the last 30 days it has moved down 0.93%. Across the last 12 months it traded between 146.780 and 163.910. Its highest level in the available history (since 1999) was 163.910 on 28 Jul 2026, and its lowest was 75.7700 on 28 Oct 2011.

Based on daily data from 4 Jan 1999 to 25 Sep 2026. Source: ECB reference rates (via Frankfurter). 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 copper, 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, the "dot plot" 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 Yen is the world's third most-traded currency and a classic safe haven. Japan's very low interest rates for decades made the Yen the favourite funding currency for "carry trades".

Major contributors to the economy

  • Automotive and transport equipment
  • Electronics and robotics
  • Machinery
  • Services and finance
  • Tourism (a growing FX earner)

Key factors

  • Bank of Japan policy. Any move away from ultra-loose policy (ending yield-curve control, raising rates) can trigger sharp Yen rallies.
  • US–Japan interest-rate gap. A wide gap between US and Japanese yields pushes the Yen lower as investors borrow Yen to buy higher-yielding assets.
  • Risk sentiment. In market stress, carry trades unwind and the Yen typically strengthens.
  • Government intervention. Japan's Ministry of Finance has stepped in to buy Yen when it weakened too fast.
  • Energy import costs. As a large energy importer, higher oil and gas prices widen Japan's trade deficit and weigh on the Yen.

How USD and JPY Interact

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

  • US 10-year Treasury yield JPY

    USD/JPY tends to rise and fall with US yields

  • Nikkei 225 JPY

    A weaker Yen typically supports Japanese exporters' shares

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 meetings
  • JPY Japan CPI and Tankan survey
  • JPY Ministry of Finance intervention statements

Historical Milestones

  1. 1995 JPY

    USD/JPY fell to below 80, then a record low for the Dollar against the Yen.

  2. 2008 USD

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

  3. 2011 JPY

    After the Fukushima earthquake the Yen surged to postwar highs before coordinated G7 intervention.

  4. 2012–15 JPY

    "Abenomics" and massive monetary easing drove a large Yen depreciation.

  5. 2014–15 USD

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

  6. 2020 USD

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

  7. 2022 USD

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

  8. 2022–24 JPY

    A wide US–Japan rate gap pushed USD/JPY to multi-decade highs, prompting Japanese intervention and a sharp carry-trade unwind in August 2024.

Why USD/JPY Matters to Zambian Traders

USD/JPY is one of the most liquid pairs and is offered by virtually every broker serving Zambian traders, usually with the tightest spreads. Moves in the US Dollar seen here also flow through to USD/ZMW.

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 or policy shifts can cause violent moves. (JPY)
  • Carry-trade unwinds can lift the Yen sharply within days. (JPY)

Most active: New York session (and the London–New York overlap) • Tokyo session and the London open

USD/JPY FAQ

What is the current USD/JPY exchange rate? +

1 USD is worth about 158.687 JPY (indicative, updated 7 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 4 Jan 1999), USD/JPY peaked at 163.910 on 28 Jul 2026 and bottomed at 75.7700 on 28 Oct 2011.

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, US–Japan 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 open. Spreads are usually tighter when the relevant markets are open.

Is USD/JPY good for beginners? +

USD/JPY is a major pair with high liquidity and generally tight spreads, which many beginners find easier to follow. It still carries significant risk - practise on a demo account first.

This page is educational and is not investment advice. Rates, statistics and commentary are indicative and may contain errors or be out of date. Forex and CFD trading carries a high risk of loss.