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fxJul 23, 2026, 3:03 PM

Japanese Yen Falls Near Multi-Decade Low, USD/JPY Above 163.90

The Japanese Yen weakened to near multi-decade lows as USD/JPY traded above 163.90 on Thursday, driven by a stronger US Dollar following better-than-expected US labor market data.

USDJPY

The Japanese Yen slumped close to its lowest levels in decades, with the USD/JPY pair climbing above 163.90 during Thursday's session.

The move was fueled by a strengthening US Dollar after the release of US labor market figures that significantly exceeded expectations. The better-than-forecast data reinforced hawkish sentiment around the Federal Reserve's monetary policy stance, boosting demand for the greenback against the yen.

Source: FXStreet Forex News