The USD/JPY pair is trading 0.5% lower to approach a weekly low of 155.00 during the European trading session on Monday. The pair is under pressure as the Japanese Yen (JPY) outperforms its counterparts, following the release of Japan’s fourth-quarter Tankan Manufacturing Index and forecast data.
Japanese yen price today
The table below shows how much the Japanese Yen (JPY) has changed against the major currencies listed today. The Japanese yen was the strongest against the New Zealand dollar.
| US dollars | euro | GBP | JPY | Canadian | Australian dollar | New Zealand dollar | Swiss franc | |
|---|---|---|---|---|---|---|---|---|
| US dollars | -0.06% | -0.13% | -0.57% | 0.00% | 0.02% | 0.16% | -0.03% | |
| euro | 0.06% | -0.07% | -0.53% | 0.07% | 0.10% | 0.23% | 0.03% | |
| GBP | 0.13% | 0.07% | -0.44% | 0.16% | 0.15% | 0.29% | 0.09% | |
| JPY | 0.57% | 0.53% | 0.44% | 0.60% | 0.61% | 0.75% | 0.55% | |
| Canadian | -0.01% | -0.07% | -0.16% | -0.60% | 0.02% | 0.15% | -0.04% | |
| Australian dollar | -0.02% | -0.10% | -0.15% | -0.61% | -0.02% | 0.14% | -0.08% | |
| New Zealand dollar | -0.16% | -0.23% | -0.29% | -0.75% | -0.15% | -0.14% | -0.20% | |
| Swiss franc | 0.03% | -0.03% | -0.09% | -0.55% | 0.04% | 0.08% | 0.20% |
The heat map shows the percentage changes in major currencies versus each other. The base currency is chosen from the left column, while the counter currency is chosen from the top row. For example, if you select 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 the Japanese Yen (base)/US Dollar (quote).
Earlier today, Japan’s Tankan Survey showed that large companies expect the outlook for the manufacturing sector to be optimistic. Tankan forecast for large manufacturing improved to 15, as expected, from 14 in the third quarter. This is the highest level seen in four years.
Upbeat business sentiment data boosted expectations that the Bank of Japan will raise interest rates at its policy meeting on Friday. The Bank of Japan is almost certain to raise interest rates by 25 basis points to 0.75%.
In monetary policy, investors will also focus on signals about the extent to which the Bank of Japan will raise interest rates in its ongoing monetary tightening campaign.
Meanwhile, the US Dollar (USD) is trading lower as investors ponder the Federal Reserve’s (Fed) monetary policy outlook for 2026.
According to the CME FedWatch tool, there is a 64.3% chance that the Fed will cut interest rates at least twice by the end of 2026. While the Fed’s bullet chart showed that policymakers expect the federal funds rate to fall to 3.4% by 2026, suggesting another rate cut from current levels of 3.50%-3.75%.
Going forward, the main catalyst for the US dollar will be the US Non-Farm Payrolls (NFP) data for November, which will be published on Tuesday.
Economic indicator
Tankan index of large manufacturing
Tankan Large Manufacturing Index released by Tankan Large Manufacturing Index Bank of Japan It presents the overall working conditions of major manufacturing companies in Japan. It is an indicator of the Japanese economy, as Japan relies heavily on the manufacturing industry, which drives the growth of the export-oriented economy. A result above 0 is considered positive (or bullish) for the Japanese Yen, while a result below 0 is considered negative (or bearish).
Read more.
Latest version:
Sunday 14 December 2025 at 23:50
repetition:
Quarterly
actual:
15
consensus:
15
former:
14
source:
Bank of Japan
