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fxJul 21, 2026, 3:50 PM

USD/JPY Breaks Above 163.00 for First Time Since 1986

USD/JPY briefly touched 163.04 on Tuesday, its highest level since December 1986, as safe-haven demand supported the US dollar amid renewed Middle East tensions and rising oil prices.

USDJPY

The USD/JPY pair climbed above the 163.00 level on Tuesday, briefly reaching 163.04 — the first time since December 1986 that the exchange rate has traded at this height. The move reflects sustained demand for the US dollar as a safe haven.

Market participants are weighing renewed geopolitical risks in the Middle East alongside a recent uptick in crude oil prices, which has further underpinned the greenback. The pair remains elevated near the 163.00 handle as trading continues.

Source: FXStreet Forex News