{"id":120278,"date":"2026-01-21T21:51:01","date_gmt":"2026-01-21T21:51:01","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=120278"},"modified":"2026-01-21T21:51:01","modified_gmt":"2026-01-21T21:51:01","slug":"109948-usd-jpy-usd-pares-losses-after-trumps-speech","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/109948-usd-jpy-usd-pares-losses-after-trumps-speech\/","title":{"rendered":"USD\/JPY: USD pares losses after Trump\u2019s speech"},"content":{"rendered":"<ul>\n<li><strong>The Japanese Yen (JPY) is steady after recent declines<\/strong><\/li>\n<li><strong>JGB yields steady after sharp gains yesterday on fiscal spending worries<\/strong><\/li>\n<li><strong>The US Dollar (USD) pares earlier losses<\/strong><\/li>\n<li><strong>Trump strikes a more conciliatory tone in Davos<\/strong><\/li>\n<\/ul>\n<p>The US dollar Japanese yen (USD\/JPY) exchange rate is broadly unchanged for a third day. The pair rose 0.03% in the previous session, settling on Tuesday at 158.16. On Wednesday at 16:00 UTC, USD\/JPY trades 0.04% at 158.24 and traded in a range of 157.75to 158.31.<\/p>\n<p>The yen is struggling to gain ground, hovering around 18-month lows, as investors continue to weigh the Takaichi fallout and look ahead to the BoJ rate decision on Friday.<\/p>\n<p>The Japanese bond yield had surged at the start of the week after the Japanese Prime Minister dissolved parliament and called for a snap election. She plans to capitalise on her increasing popularity to secure a larger majority, enabling her to push through more aggressive fiscal expansionary policies.<\/p>\n<p>Bond yields have calmed today; however, the bigger picture remains concerning.<\/p>\n<p>Attention is also turning to the BoJ rate decision on Friday, where the central bank is set to leave the rate unchanged after hiking rates in December.<\/p>\n<p>The U.S. dollar is broadly flat across the board. The US dollar index, which measures the USD against a basket of currencies, is falling -0.03% on Wednesday to 98.59 after steep losses last week.<\/p>\n<p>Have studied after yesterday&#8217;s losses as investors digest president trump speech at Davos. This was Trump&#8217;s first speech after the World Economic Forum since 2020 and came amid escalating tensions with the EU over his plans to acquire Greenland.<\/p>\n<p>Investors sold out of Treasuries, the US dollar and U.S. stocks on Tuesday after Trump revived trade tariff threats, announcing a 10% tariff on goods from eight European countries from February 1<sup>st<\/sup>.<\/p>\n<p>However, Trump struck a less aggressive tone in his speech at Davos saying that he would not use force to get Greenland. He added that he wanted negotiations to start immediately.<\/p>\n<p>The market is benefiting from a relief rally, with U.S. stocks rebounding and the sell-off in the US dollar steadying.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Japanese Yen (JPY) is steady after recent declines JGB yields steady after sharp gains yesterday on fiscal spending worries The US Dollar (USD) pares earlier losses Trump strikes a more conciliatory tone in Davos The US dollar Japanese yen (USD\/JPY) exchange rate is broadly unchanged for a third day. The pair rose 0.03% in [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":5589,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2675,1381],"tags":[2673,1398,3168],"class_list":{"0":"post-120278","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-jpy","8":"category-usd","9":"tag-jpy","10":"tag-usd","11":"tag-usd-jpy"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>USD\/JPY: USD pares losses after Trump\u2019s speech - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/109948-usd-jpy-usd-pares-losses-after-trumps-speech\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Cincotta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109948-usd-jpy-usd-pares-losses-after-trumps-speech\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109948-usd-jpy-usd-pares-losses-after-trumps-speech\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"USD\\\/JPY: USD pares losses after Trump\u2019s speech\",\"datePublished\":\"2026-01-21T21:51:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109948-usd-jpy-usd-pares-losses-after-trumps-speech\\\/\"},\"wordCount\":358,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109948-usd-jpy-usd-pares-losses-after-trumps-speech\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100635-gbp-usd-boris-johnson-politics.jpg\",\"keywords\":[\"JPY\",\"usd\",\"usd\\\/jpy\"],\"articleSection\":[\"JPY\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2026\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109948-usd-jpy-usd-pares-losses-after-trumps-speech\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109948-usd-jpy-usd-pares-losses-after-trumps-speech\\\/\",\"name\":\"USD\\\/JPY: USD pares losses after Trump\u2019s speech - 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