{"id":120429,"date":"2026-02-24T18:00:42","date_gmt":"2026-02-24T18:00:42","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=120429"},"modified":"2026-02-24T17:06:52","modified_gmt":"2026-02-24T17:06:52","slug":"109992-0usd-jpy-yen-tumbles-on-pms-reservations-over-further-boj-hikes","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/109992-0usd-jpy-yen-tumbles-on-pms-reservations-over-further-boj-hikes\/","title":{"rendered":"USD\/JPY: Yen tumbles on PM\u2019s reservations over further BoJ hikes"},"content":{"rendered":"<ul>\n<li><strong>The Japanese Yen (JPY) is rising after losses yesterday<\/strong><\/li>\n<li><strong>Japanese CPI cooled to 1.5% YoY<\/strong><\/li>\n<li><strong>The US Dollar (USD) falls against major peers<\/strong><\/li>\n<li><strong>Trump announced 15% global trade tariffs<\/strong><\/li>\n<\/ul>\n<p>The US dollar Japanese yen (USD\/JPY) exchange rate is rising after losses yesterday. The pair fell -0.28% in the previous session, settling on Monday at 154.64. On Tuesday at 17:00 UTC, USD\/JPY trades 0.65% at 155.64 and trades in a range of 154.63 to 156.28.<\/p>\n<p>The Japanese yen has fallen sharply on Tuesday on reports that Prime Minister Sanae Takaichi has reservations about further rate hikes from the Bank of Japan.<\/p>\n<p>The Japanese currency, along with government bond yields, fell on reports that Takaichi had conveyed her reservations about further rate hikes to Bank of Japan governor Ueda.<\/p>\n<p>This injects policy uncertainty into an already complicated backdrop for the Bank of Japan, which is battling a weaker currency that is raising the cost of imported fuel and food.<\/p>\n<p>Prior to these reports, economists had expected the Bank of Japan to raise rates to 1% by the end of June and were pricing in a 70% chance of a hike by April; however, this is looking less likely.<\/p>\n<p>The U.S. dollar is rising across the board. The US dollar index, which measures the USD against a basket of currencies, is rising 0.06% on Tuesday to 97.75 after losses yesterday.<\/p>\n<p>The US dollar is heading higher, recouping some of yesterday&#8217;s losses despite ongoing uncertainties surrounding U.S. trade tariffs.<\/p>\n<p>Trump\u2019s 10% global tariffs came into effect today, rather than the 15% he had announced on Saturday; however, there&#8217;s still no clarity on what this means for countries that had agreed deals with the US.<\/p>\n<p>A 10% global tariff rate brings with it clear winners and losers for China. This is a positive; however, for other countries such as the EU, this may not be the case. Investors and countries alike are still waiting to find out more.<\/p>\n<p>On the data front, U.S. consumer confidence improved in February, rising to 91.2, up from January&#8217;s 84.5, which was the lowest level since May 2014.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Japanese Yen (JPY) is rising after losses yesterday Japanese CPI cooled to 1.5% YoY The US Dollar (USD) falls against major peers Trump announced 15% global trade tariffs The US dollar Japanese yen (USD\/JPY) exchange rate is rising after losses yesterday. The pair fell -0.28% in the previous session, settling on Monday at 154.64. [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":5318,"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":["post-120429","post","type-post","status-publish","format-standard","has-post-thumbnail","category-jpy","category-usd","tag-jpy","tag-usd","tag-usd-jpy"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>USD\/JPY: Yen tumbles on PM\u2019s reservations over further BoJ hikes - 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\/109992-0usd-jpy-yen-tumbles-on-pms-reservations-over-further-boj-hikes\/\" \/>\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\\\/109992-0usd-jpy-yen-tumbles-on-pms-reservations-over-further-boj-hikes\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109992-0usd-jpy-yen-tumbles-on-pms-reservations-over-further-boj-hikes\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"USD\\\/JPY: Yen tumbles on PM\u2019s reservations over further BoJ hikes\",\"datePublished\":\"2026-02-24T18:00:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109992-0usd-jpy-yen-tumbles-on-pms-reservations-over-further-boj-hikes\\\/\"},\"wordCount\":349,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109992-0usd-jpy-yen-tumbles-on-pms-reservations-over-further-boj-hikes\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100877-gbp-usd-brexit-concerns-pound-lower.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\\\/109992-0usd-jpy-yen-tumbles-on-pms-reservations-over-further-boj-hikes\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109992-0usd-jpy-yen-tumbles-on-pms-reservations-over-further-boj-hikes\\\/\",\"name\":\"USD\\\/JPY: Yen tumbles on PM\u2019s reservations over further BoJ hikes - 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