Yen continues to return to price increase

Huyền Mai |

The Yen appreciated as Japanese household spending exceeded forecasts, boosting expectations of a BoJ rate hike as the USD weakened.

Yen exchange rate today

According to Lao Dong, on July 4, the Japanese Yen (JPY) continued to be bought, combined with the weakening of the USD, pulling the USD/JPY pair down to 144.25144.20, the lowest level of the day.

Ty gia dong Yen cap nhat ngay 4.7.2025. Anh: Tradingview.com
Yen exchange rate updated on July 4, 2025. Photo: Tradingview.com

Previously, Japan's Household Spending data released this morning showed a 4.7% increase in May compared to the same period last year, surpassing even the most optimistic forecasts, thereby raising expectations that the Bank of Japan (BoJ) will soon raise interest rates.

Yen appreciates thanks to shelter demand

According to FXStreet, uncertainties related to US President Donald Trump's policies continue to boost safe-haven demand for the Yen.

The White House has recently threatened to impose additional tariffs on Japanese goods over concerns that the country is unwilling to buy US rice, raising trade tensions and could hinder the BoJ's efforts to normalize monetary policy.

On the other hand, US employment data released on Thursday showed the economy created 147,000 more jobs in June, higher than the forecast and the increase in the previous month, while the unemployment rate decreased slightly to 4.1%.

This result shows that the US labor market remains stable, allowing the US Federal Reserve (Fed) to continue to maintain a "wait and see" stance on uncertainties related to Mr. Trump's trade policy.

However, US wage inflation has fallen to 3.7%, below the forecast of 3.9%, along with concerns about the increased burden of public debt as the US Congress has just passed a bill to cut taxes and increase spending, expected to increase the budget deficit by 3.4 trillion USD in the next 10 years, which is holding back the stronger increase of the USD.

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Yen suddenly weakens

Huyền Mai |

The Yen suddenly weakened against the USD due to reduced shelter demand, but expectations of a BoJ rate hike could limit the short-term decline.

Yen appreciates, climbs to a 3-week peak

Huyền Mai |

The Yen maintained its upward momentum thanks to expectations of a BoJ rate hike, despite trade tensions and a weakening USD ahead of US data.

Yen is likely to continue to increase

Huyền Mai |

The Yen appreciated as the USD weakened due to expectations of a Fed rate cut soon, investors waited for a survey from the BoJ on Tankan.