USD/JPY at levels not seen since 2002!

The USD/JPY pair is climbing to levels not seen since 2002. One of the catalysts for the Japanese yen's weakness today is the bond market. US 10-year bond yields began to rise in early New York trading, jumping to 3.01%. This is the first move above 3% since a brief breakout in May. The Bank of Japan continues to hold the ultra-loose monetary policy. Haruhiko Kuroda, head of the Bank of Japan (BOJ) reiterated today that the most important goal for the central bank is to support the economy by maintaining massive stimulus programs.

Chart of the USDJPY pair, MN interval.

23 April 2026, 7:00 PM

Daily summary: Risk-off takes over 📉 US stocks plunge, while dollar and oil rebound sharply 💸

23 April 2026, 6:19 PM

Israel ready to strike again❓Dollar rebounds as war jitters resurface 📈

23 April 2026, 8:54 AM

💶European PMI Plunges as Iran Conflict Batters Economic Activity

23 April 2026, 8:51 AM

Chart of the Day: Where Is the Yen Heading in the Shadow of Hormuz and the BOJ?

Forex

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