USD/JPY Rises Above 143.00 as Yen Weakens on BoJ Caution and Tariff Fears

USD/JPY Crosses 143.00 as Yen Drops Amid BoJ Concerns

Yen Suffers Broad-Based Decline

The USD/JPY currency pair moved above the 143.00 level, trading at approximately 143.10 during Thursday’s European session, as the Japanese Yen (JPY) weakened across the board. The pair is up 0.25% on the day, continuing a short-term upward trajectory.

Live Rates: Track USD/JPY real-time movement on the Tredu Forex Dashboard.

BoJ’s Ueda Flags Tariff Impact on Japan’s Economy

The Japanese currency came under pressure following comments from Bank of Japan (BoJ) Governor Kazuo Ueda, who warned that US tariff policy could harm Japan’s wage growth. This would complicate the BoJ’s policy tightening path, potentially delaying further interest rate hikes.

Weak US Jobs Data Limits USD Momentum

While the US Dollar has remained relatively well-supported against the JPY, the upside is tempered by weaker-than-expected US ADP private employment numbers, which missed market forecasts. These figures, paired with lingering recession fears, have limited USD strength broadly but failed to derail the USD/JPY uptrend.

More Insight: See how US macro data affects USD movement.

Outlook: Can USD/JPY Extend Higher?

• Next resistance zone: 143.40–143.60
• Key support: 142.60
• Markets await Friday’s US Nonfarm Payrolls (NFP) for more direction