{"id":120448,"date":"2026-03-02T23:19:59","date_gmt":"2026-03-02T23:19:59","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=120448"},"modified":"2026-03-02T23:19:59","modified_gmt":"2026-03-02T23:19:59","slug":"109999-usd-jpy-yen-tumbles-as-oil-soars","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/109999-usd-jpy-yen-tumbles-as-oil-soars\/","title":{"rendered":"USD\/JPY: Yen tumbles as oil soars"},"content":{"rendered":"<ul>\n<li><strong>The Japanese Yen (JPY) is falling after gains last week<\/strong><\/li>\n<li><strong>Japan imports most of its oil requirements<\/strong><\/li>\n<li><strong>The US Dollar (USD) rises against major peers<\/strong><\/li>\n<li><strong>USD rises on safe haven demand and as the US is an oil net exporter<\/strong><\/li>\n<\/ul>\n<p>The US dollar Japanese yen (<a href=\"https:\/\/currencylive.com\/exchange-rate\/1000-usd-to-jpy-exchange-rate-today\/\">USD\/JPY<\/a>) exchange rate is rising after gains last week. The pair rose 0.64% in the previous week, settling on Friday at 156.06. On Monday at 21:00 UTC, USD\/JPY trades 0.83% at 157.37 and trades in a range of 155.98 to 157.75.<\/p>\n<p>The yen has fallen sharply, dropping to a five-week low at the start of the week, as the markets react to conflict in the Middle East.<\/p>\n<p>Rather than benefiting from safe-haven flows, the Japanese yen is falling amid surging oil prices. Oil prices have jumped by around 10%, with all eyes on the Strait of Hormuz. This is a key choke point where around 1\/5 of the world&#8217;s seaborne oil trade and 25% of liquified natural gas trade pass through. Iran has warned tankers not to pass through.<\/p>\n<p>Surging energy prices impact Japan due to the country&#8217;s reliance on oil imports.<\/p>\n<p>The likelihood of a BoJ interest rate hike in March or April was already low, but given the uncertainty now stemming from the developments in the Middle East, the BoJ is likely to adopt A more cautious stance, further reducing the likelihood of a near-term rate hike.<\/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 1% on Monday to 98.38 after losses last week.<\/p>\n<p>The US dollar has jumped sharply higher on a combination of safe-haven flows and soaring oil prices, given that the US is a net oil exporter.<\/p>\n<p>The dollar&#8217;s sharp rally after the US strikes over the weekend is evidence that the currency still functions as a global safe haven. This comes after months of growing doubts about the dollar&#8217;s safe haven appeal during times of stress, after the dollar failed to rally during last year&#8217;s tariff-induced global market sell-off<\/p>\n<p>On the data front, US ISM manufacturing PMI came in above expectations at 52.4 in February and remained in expansionary territory for a second straight month.<\/p>\n<p>Sub components such as new orders production also expanded, and the backlog of orders index jumped to 56.6, its highest level since mid-2020. Together, these indicators suggest that demand is firming up.<\/p>\n<p>The data played second fiddle to events in the Middle East.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Japanese Yen (JPY) is falling after gains last week Japan imports most of its oil requirements The US Dollar (USD) rises against major peers USD rises on safe haven demand and as the US is an oil net exporter The US dollar Japanese yen (USD\/JPY) exchange rate is rising after gains last week. The [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":3629,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1379],"tags":[3769,1398,3168],"class_list":{"0":"post-120448","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-gbp","8":"tag-joy","9":"tag-usd","10":"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: Yen tumbles as oil soars - 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\/109999-usd-jpy-yen-tumbles-as-oil-soars\/\" \/>\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=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109999-usd-jpy-yen-tumbles-as-oil-soars\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109999-usd-jpy-yen-tumbles-as-oil-soars\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"USD\\\/JPY: Yen tumbles as oil soars\",\"datePublished\":\"2026-03-02T23:19:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109999-usd-jpy-yen-tumbles-as-oil-soars\\\/\"},\"wordCount\":412,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109999-usd-jpy-yen-tumbles-as-oil-soars\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100058-usd-raises-v-gbp-oil-down.jpg\",\"keywords\":[\"JOY\",\"usd\",\"usd\\\/jpy\"],\"articleSection\":[\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2026\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109999-usd-jpy-yen-tumbles-as-oil-soars\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109999-usd-jpy-yen-tumbles-as-oil-soars\\\/\",\"name\":\"USD\\\/JPY: Yen tumbles as oil soars - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109999-usd-jpy-yen-tumbles-as-oil-soars\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109999-usd-jpy-yen-tumbles-as-oil-soars\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100058-usd-raises-v-gbp-oil-down.jpg\",\"datePublished\":\"2026-03-02T23:19:59+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109999-usd-jpy-yen-tumbles-as-oil-soars\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/109999-usd-jpy-yen-tumbles-as-oil-soars\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109999-usd-jpy-yen-tumbles-as-oil-soars\\\/#primaryimage\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100058-usd-raises-v-gbp-oil-down.jpg\",\"contentUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100058-usd-raises-v-gbp-oil-down.jpg\",\"width\":800,\"height\":405,\"caption\":\"USD\\\/GBP Dollar Gains Strength Over GBP With Falling Price of Oil and Stalling UK Economy\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109999-usd-jpy-yen-tumbles-as-oil-soars\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"USD\\\/JPY: Yen tumbles as oil soars\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\",\"name\":\"Currency Live\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/currencylive.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\",\"name\":\"Fiona Cincotta\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"caption\":\"Fiona Cincotta\"},\"description\":\"Editor - Senior Financial Market Analyst Through over a decade\u2019s experience analysing and reporting on global currency markets, Fiona has a gained a deep understanding of the fundamental drivers of currencies. She is regularly quoted by international news organisations including Financial Times, Reuters and Bloomberg. Fiona is a familiar face after years of appearances on BBC, Sky News and Fox Business News.\",\"sameAs\":[\"https:\\\/\\\/www.linkedin.com\\\/in\\\/fiona-cincotta-bb4a4845\\\/\"],\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/author\\\/fiona-cincotta\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"USD\/JPY: Yen tumbles as oil soars - Currency Live","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/currencylive.com\/news\/109999-usd-jpy-yen-tumbles-as-oil-soars\/","twitter_misc":{"Written by":"Fiona Cincotta","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/109999-usd-jpy-yen-tumbles-as-oil-soars\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/109999-usd-jpy-yen-tumbles-as-oil-soars\/"},"author":{"name":"Fiona Cincotta","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"headline":"USD\/JPY: Yen tumbles as oil soars","datePublished":"2026-03-02T23:19:59+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/109999-usd-jpy-yen-tumbles-as-oil-soars\/"},"wordCount":412,"image":{"@id":"https:\/\/currencylive.com\/news\/109999-usd-jpy-yen-tumbles-as-oil-soars\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100058-usd-raises-v-gbp-oil-down.jpg","keywords":["JOY","usd","usd\/jpy"],"articleSection":["GBP"],"inLanguage":"en-US","copyrightYear":"2026","copyrightHolder":{"@id":"https:\/\/currencylive.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/currencylive.com\/news\/109999-usd-jpy-yen-tumbles-as-oil-soars\/","url":"https:\/\/currencylive.com\/news\/109999-usd-jpy-yen-tumbles-as-oil-soars\/","name":"USD\/JPY: Yen tumbles as oil soars - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/109999-usd-jpy-yen-tumbles-as-oil-soars\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/109999-usd-jpy-yen-tumbles-as-oil-soars\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100058-usd-raises-v-gbp-oil-down.jpg","datePublished":"2026-03-02T23:19:59+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/109999-usd-jpy-yen-tumbles-as-oil-soars\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/109999-usd-jpy-yen-tumbles-as-oil-soars\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/109999-usd-jpy-yen-tumbles-as-oil-soars\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100058-usd-raises-v-gbp-oil-down.jpg","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100058-usd-raises-v-gbp-oil-down.jpg","width":800,"height":405,"caption":"USD\/GBP Dollar Gains Strength Over GBP With Falling Price of Oil and Stalling UK Economy"},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/109999-usd-jpy-yen-tumbles-as-oil-soars\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"USD\/JPY: Yen tumbles as oil soars"}]},{"@type":"WebSite","@id":"https:\/\/currencylive.com\/news\/#website","url":"https:\/\/currencylive.com\/news\/","name":"Currency Live","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/currencylive.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec","name":"Fiona Cincotta","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","caption":"Fiona Cincotta"},"description":"Editor - Senior Financial Market Analyst Through over a decade\u2019s experience analysing and reporting on global currency markets, Fiona has a gained a deep understanding of the fundamental drivers of currencies. She is regularly quoted by international news organisations including Financial Times, Reuters and Bloomberg. Fiona is a familiar face after years of appearances on BBC, Sky News and Fox Business News.","sameAs":["https:\/\/www.linkedin.com\/in\/fiona-cincotta-bb4a4845\/"],"url":"https:\/\/currencylive.com\/news\/author\/fiona-cincotta\/"}]}},"jetpack_featured_media_url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100058-usd-raises-v-gbp-oil-down.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/120448","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/users\/163946597"}],"replies":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/comments?post=120448"}],"version-history":[{"count":1,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/120448\/revisions"}],"predecessor-version":[{"id":120449,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/120448\/revisions\/120449"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media\/3629"}],"wp:attachment":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media?parent=120448"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/categories?post=120448"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/tags?post=120448"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}