- USD/JPY falls sharply to near 151.40 as Yen performs strongly across the board on upbeat Q4 Japan GDP data.
- Flash Q4 Japan’s GDP data showed that the economy expanded by 0.7%.
- A delay in Trump’s reciprocal tariff plan and poor Retail Sales data would keep the US Dollar on the backfoot.
The USD/JPY pair slumps to near 151.40 in Monday’s North American session. The asset tumbles as the Japanese Yen (JPY) strengthens across the board after the release of the flash Q4 Gross Domestic Product (GDP) data, which showed that the economy surprisingly expanded at a robust pace.
Japanese Yen PRICE Today
The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies today. Japanese Yen was the strongest against the Euro.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.20% | -0.03% | -0.53% | 0.07% | -0.23% | -0.27% | 0.18% | |
| EUR | -0.20% | -0.08% | -0.76% | -0.03% | -0.34% | -0.36% | 0.08% | |
| GBP | 0.03% | 0.08% | -0.57% | 0.05% | -0.21% | -0.28% | 0.16% | |
| JPY | 0.53% | 0.76% | 0.57% | 0.59% | 0.33% | 0.47% | 0.68% | |
| CAD | -0.07% | 0.03% | -0.05% | -0.59% | -0.28% | -0.33% | 0.11% | |
| AUD | 0.23% | 0.34% | 0.21% | -0.33% | 0.28% | -0.02% | 0.43% | |
| NZD | 0.27% | 0.36% | 0.28% | -0.47% | 0.33% | 0.02% | 0.44% | |
| CHF | -0.18% | -0.08% | -0.16% | -0.68% | -0.11% | -0.43% | -0.44% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Japanese Yen from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent JPY (base)/USD (quote).
Japanese Cabinet Office reported that the economy expanded at a robust pace of 0.7%, against 0.4% growth seen in the third quarter of 2024. Economists expected the GDP data to have grown by 0.3%.
On an annualized basis, the economy rose strongly by 2.8% compared to the same quarter of the previous year and faster than the 1.7% growth seen in the July-September period. Upbeat GDP data is expected to boost the Bank of Japan’s (BoJ) hawkish bets.
Meanwhile, the US Dollar (USD) finds ground temporarily after facing a sharp sell-off last week. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, gauges cushion near 106.60 after posting a fresh two-month low.
However, investors are cautious over the USD’s outlook as United States (US) President Donald Trump has not unveiled a detailed reciprocal tariff plan, while he was expected to do so on Thursday.
Above that, poor Retail Sales data for January has also weighed on the US Dollar. The Retail Sales data, a key measure of consumer spending, declined at a robust pace of 0.9%.
