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fxJun 11, 2026, 8:37 AM

USD/JPY Reaches 160.52, Highest Since July 2024

The USD/JPY pair climbed to 160.52 on Thursday, its strongest level in over a year, as the yen continues to weaken despite an acceleration in Japan's producer price index.

USDJPY

The dollar-yen pair extended its rally on Thursday, touching 160.52 — the highest since July 2024. The Japanese yen remains under sustained selling pressure, even after data showed a notable acceleration in Japan's producer price index.

Traders are watching for potential intervention risks, as the pair approaches levels that previously triggered official action. The Bank of Japan's policy stance and U.S. interest rate expectations continue to drive the exchange rate.

Source: FXStreet Forex News