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USD to JPY 2026 Forecasts

Analysis of recent dollar → yen forecasts for 2026. We collate forecasts from respected FX analysts together with the latest US dollar to Japanese yen performance and trends.

 

The USD/JPY exchange rate is currently bullish.

Key drivers include the Federal Reserve's plans for potential interest rate cuts, which could weaken the USD. In contrast, the Bank of Japan's recent interest rate hike aims to combat rising inflation, supporting the JPY. Additionally, improving global economic growth could favor the JPY as demand for commodities rises.

In the near term, the USD/JPY is expected to trade within a range influenced by recent highs near 156.9, which is significantly above its 3-month average of 154.3.

An upside risk for the USD/JPY could emerge from stronger-than-expected U.S. economic data, prompting a rethink of Fed rate cuts. Conversely, a surge in oil prices could negatively impact the JPY, leading to a decline in its value against the USD.

USD-JPY Rate Calculator

 
   
   
   
   
 
   
 
 

USD to JPY Market Data

US dollar (USD) to Japanese yen (JPY) market data - latest interbank exchange rate, trend, chart & historic rates.

 
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1 USD =
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JPY
1d+0.3%▲
 
USD to JPY is at 7-day highs near 156.9, 1.7% above its 3-month average of 154.3, having traded in a relatively stable 7.1% range from 147.2 to 157.7
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Compare & Save - US dollar to Japanese yen

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare US dollar (USD) to Japanese yen (JPY) rates from different sources before making a conversion.

Use our USD to JPY calculator to see how much you could save on your international money transfers. makes it easy to compare the Total Cost you are being charged on Dollar to Yen currency rates and the possible savings of using various providers.

 
 

Will the US dollar rise against the Japanese yen?

This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the US dollar vs Japanese yen current value is to look the USD/JPY historic rate and change over a range of periods.

The following table looks at the change in the USD to JPY exchange rate over periods from the previous week back to the last 10 years.

DateUSD/JPYChangePeriod
18 Dec 2025
155.58
0.8% ▲2 Week
03 Oct 2025
147.32
6.5% ▲3 Month
01 Jan 2025
157.72
0.5% ▼1 Year
02 Jan 2021
103.24
51.9% ▲5 Year
04 Jan 2016
119.52
31.2% ▲10 Year
06 Jan 2006
114.99
36.4% ▲20 Year
USD/JPY historic rates & change to 01-Jan-2026

It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

To help with this you can add USD/JPY to your personalised Rate Tracker to track and benefit from currency movements.

 
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Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending

 

Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more