02/24/2026 20:49

Release： 02/24/2026 20:49

Update： 02/24/2026 20:49

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With the expectation of a Bank of Japan rate hike retreat, the USD/JPY rebounded to the 156 yen level.

【2/24Market overview

During Tokyo time,3the Japanese participants entered with dollar buying after the long holidays. Also, supported by the rise in the Nikkei Index, the USD/JPY rose to155.31yen. European session, with reports that Prime Minister Takai? (High-placed) indicated reluctance to raise rates when he met BoJ Governor Ueda on the 16th, broad dollar selling led the USD/JPY higher to16? (likely a misparse) 156.28yen. In New York time, USD/JPY fell to155.58yen. Afterward, with uncertainties over U.S. tariff policy and progress of talks between the U.S. and Iran on nuclear development, the pair remained in the upper 155s with little movement.155yen range thereafter.